The Falkland Islands
Prosperity in the Face of Adversity
Bibliographic Data
| ID | 10473250 |
|---|---|
| Authors | Andrés Marroquín (0000-0001-5662-1146, Universidad Francisco Marroquín, corresponding author) |
| Year | 2014 |
| Volume | 103 |
| Issue | 4 |
| Pages | 411-422 |
| Publication date | 2014-07-04 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Round Table (JOURNAL) |
| Journal identifiers | ISSN: 0035-8533 • E-ISSN: 1465-4008 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/00358533.2014.941230 |
| OpenAlex | W2072491642 |
| Language | EN |
| Citations received | 1 |
| References cited | 13 |
It is possible that by per capita standards the Falkland Islands will be among of the richest societies in the world. In contrast to countries in Latin America, the closest region to the islands, and in spite of an economic blockade by Argentina, natural resources are a blessing, not a curse, for the islanders. Against geographical isolation and adverse weather the islands have the institutions in place that generate order and improve well-being. In this paper, the factors that explain prosperity in the islands are presented. They are an institutional anchor provided by the UK, a very small population by all standards that is also relatively homogenous and facilitates a representative democracy type of government, and the incentives politicians face. The integration of those elements allows resource production to translate into riches and prosperity. Overall, the Falkland Islands show that geography (in the form of abundant fisheries and oil resources), institutions (in the form of a historical legacy and an institutional anchor) and incentives explain prosperity
Biology · Curse · Development economics · Economic growth · Economics · Economy · Geography · Government (linguistics · Incentive · Natural resource · Per capita · Political science · Population · Prosperity · Resource (disambiguation · Sociology · Demography · Ecology · Island Studies and Pacific Affairs · Natural Resources and Economic Development
Why Nations Fail
The Colonial Origins of Comparative Development
The curse of natural resources
Why Nations Fail
Institutions, Institutional Change and Economic Performance
Is Development Path Dependent or Political? A Reinterpretation of Mineral-Dependent Development in Botswana
Small States, Small Problems? Income, Growth, and Volatility in Small States
Institutions and the Resource Curse
Drowning in Oil
Does Oil Hinder Democracy
Economics and Emigration
| Citations per year | 0.14 |
|---|---|
| Citation span | 2019 - 2019 (1) |
| Highly cited | No |