The State and the Economy, 1939–1986

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

Chapter Chapter 4 in The Economy of Modern Malta, 2017, pp 225-303 from Palgrave Macmillan

Abstract: Abstract This chapter takes a political economy approach to economic development in the run up to independence and in the post-colonial period. It starts with a section on the economic effects of World War II on Malta, the expansion of the military’s presence, and the early protectionist experiments that the War led to. It then moves into the reconstruction efforts by the Maltese government, funded by British grants and concessionary loans, which later became an integral part of economic development. A series of economic development plans followed the War, many falling between the cracks wrought by party politics. The chapter then covers institution building in the post-Independence period up to 1971, and the consolidation of state control over the economy until 1986.

Keywords: Political Economy; Minimum Wage; Shadow Economy; Small Open Economy; Labour Share (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_4

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DOI: 10.1057/978-1-137-56598-3_4

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