Industry and Trade, 1800–1938

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

Chapter Chapter 3 in The Economy of Modern Malta, 2017, pp 127-223 from Palgrave Macmillan

Abstract: Abstract This chapter first analyses the impact of the colonial state on manufacturing and trade, going from investments in education and infrastructure to trade policy. It then provides a novel analysis of the effect of colonial trade policy on the cotton handicrafts sector, and the failure of Malta to experience broad-based and fast industrialization. Next is analysis of the distortive effect of British military expenditure, with a particular focus on the Royal Dockyards. A section on Malta’s role as an entrepôt follows; how its integration into the global economy made it a major coaling and shipping centre for a while, and how this led to the development of its first merchant banks. The concluding section covers the difficulties Malta faced in diversifying its economy.

Keywords: Real Wage; Economic Geography; Military Expenditure; Suez Canal; Outline History (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_3

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DOI: 10.1057/978-1-137-56598-3_3

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