Exchange and Markets in Early Economic Development: Informal Economy in the Three New Guineas John D. Conroy

Exchange and Markets in Early Economic Development: Informal Economy in the Three New Guineas – Ebook Instant Download/Delivery ISBN(s): 9781800739697,1800739699

Product details:

• ISBN-10 ‏ : ‎ 1800739680
• ISBN-13 ‏ : ‎ 978-1800739680
• Author: John D. Conroy

The idea of an informal economy emerged from, and is a critique of, the ideology of ‘economic development’. It originated from Keith Hart’s recognition of informal economic activity in 1960s Ghana. In the context of four colonialisms – German, British, Australian and Dutch – this book recounts Hart’s effort in 1972 to introduce the informal ‘sector’ into development planning in Papua New Guinea. This was problematic, because ‘the market’ was scarcely institutionalized, and traditional modes of exchange persisted stubbornly. Rather than conforming with post-colonial economic ideology, the subjected people pushed back against imposed bureaucracy to practice informal and hybrid modes of economic activity.

Table contents:

Part I: Economic Informality: An Idea and Its Relevance to Melanesia

Part II: From Early Colonisation to the Pacific War

Part III: Informality in the Era of Economic Development

Part IV: Birth Pangs: All These Are the Beginning of Sorrows

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