This is a revised edition of a seminal work on the nature of underdevelopment. It includes a new foreword and appendixes on the significance of plantations to T

This paper suggests that the persistence of underdevelopment is not necessarily due to the existence of bad political, and consequently economic, institutions b

Why is underdevelopment so persistent? I argue that one reason is the initial inequality in endowments and opportunities, which leads to self-interested constit

Why is underdevelopment so persistent? One explanation is that poor countries do not have institutions that can support growth. Because institutions (both good

First published in 1996, this insightful and informative text examines the post-emancipation and recent economic history of the Commonwealth Caribbean. Jay R. M