Introduction: Development in the Long Run

Paul Caruana Galizia
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Paul Caruana Galizia: Humboldt-University of Berlin

Chapter Chapter 1 in The Economy of Modern Malta, 2017, pp 1-38 from Palgrave Macmillan

Abstract: Abstract This chapter makes the case for a wide-ranging, empirical account of Maltese modern economic history. It shows that many of the institutions and industries that define success or failure in the modern economy are directly linked to past legacies, particularly colonialism. This chapter then develops a discussion of Malta’s long-run development around the following aggregate measures of welfare: real wages, per capita GDP, and population growth. It compares these measures to other colonial and developed economies to provide an assessment of Malta’s progress, and an assessment of the consensus critique of colonial rule. It concludes with a survey of development in post-colonial Malta.

Keywords: Gross Domestic Product; Euro Area; Real Wage; Economic History; Colonial Period (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-1-137-56598-3_1

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DOI: 10.1057/978-1-137-56598-3_1

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