All We've learnt: Colonial Teachings and Caribean Underdevelopment
AbstractThis paper argues that in order to understand West Indian economic underdevelopment, the saliency of the informal institutions that emerged during its colonial period and the effect these institutions have had on the emergence of a local entrepreneurial class can not be discounted. British colonial occupation, I contend, gave rise to two persistent informal institutions that have affected development: a belief in the ability and responsibility of government to direct the economy and pessimism regarding the possibility of entrepreneurial success. Relying on Schumpeters discussion of the importance of entrepreneurs to economic development and Norths work on informal institutions, I examine how the poverty of entrepreneurs in the region and the cultures of corruption, privilege and intervention that evolved as a result of the regions colonial experiences have hampered past efforts at development.Cet article soutient quafin de comprendre le sous-développement économique des Caraïbes, il est important de ne pas négliger la prédominance des institutions informelles qui ont émergé durant la période coloniale et linfluence que ces institutions ont eue sur lémergence dune classe entrepreneuriale locale. Loccupation coloniale britannique, selon lauteur, a donné naissance à deux institutions informelles persistantes qui ont affecté le développement : une conviction dans la capacité et la responsabilité du gouvernement à diriger léconomie et un pessimisme vis-à-vis de la possibilité de succès entrepreneuriaux. En se fondant sur la théorie Schumpeterienne sur le rôle de lentrepreneur dans le développement économique et sur les travaux de North concernant les institutions informelles, lauteur examine comment la rareté des entrepreneurs dans la région et la corruption, les privilèges et les interventions qui ont évolué en résultat des expériences coloniales de la région, ont entravé les efforts de développement dans le passé.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.
Volume (Year): 12 (2002)
Issue (Month): 4 (December)
Contact details of provider:
Web page: http://www.degruyter.com
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Virgil Storr, 2011. "On the hermeneutics debate: An introduction to a symposium on Don Lavoie's “The Interpretive Dimension of Economics—Science, Hermeneutics, and Praxeology”," The Review of Austrian Economics, Springer, vol. 24(2), pages 85-89, June.
- V. Storr, 2006. "Weber’s spirit of capitalism and the Bahamas’ Junkanoo ethic," The Review of Austrian Economics, Springer, vol. 19(4), pages 289-309, December.
- Shruti Rajagopalan & Virgil Storr, 2012. "The rationality of taking to the hills," The Review of Austrian Economics, Springer, vol. 25(1), pages 53-62, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.