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"Economic development Suriname History."
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White lies and black markets : evading metropolitan authority in colonial Suriname, 1650-1800
\"In White Lies and Black Markets, Fatah-Black offers a new account of the colonization of Suriname--one of the major European plantation colonies on the Guiana Coast--in the period between 1650-1800. While commonly portrayed as an isolated tropical outpost, this study places the colony in the context of its connections to the rest of the Atlantic world. These economic and migratory links assured the colony's survival, but also created many incentives to evade the mercantilistically inclined metropolitan authorities. By combining the available data on Dutch and North American shipping with accounts of major political and economic developments, the author uncovers a hitherto hidden world of illicit dealings, and convincingly argues that these illegal practices were essential to the development and survival of the colony, and woven into the fabric of the colonial project itself\"--Provided by publisher.
Book
White Lies and Black Markets
\"In White Lies and Black Markets, Fatah-Black offers a new account of the colonization of Suriname--one of the major European plantation colonies on the Guiana Coast--in the period between 1650-1800. While commonly portrayed as an isolated tropical outpost, this study places the colony in the context of its connections to the rest of the Atlantic world. These economic and migratory links assured the colony's survival, but also created many incentives to evade the mercantilistically inclined metropolitan authorities. By combining the available data on Dutch and North American shipping with accounts of major political and economic developments, the author uncovers a hitherto hidden world of illicit dealings, and convincingly argues that these illegal practices were essential to the development and survival of the colony, and woven into the fabric of the colonial project itself\"--Provided by publisher
eBook
Plantation Mortgage-Backed Securities: Evidence from Surinam in the Eighteenth Century
In the second half of the eighteenth century, Dutch bankers channeled investors’ funds to sugar and coffee plantations in the Caribbean, Surinam in particular. Agency problems between plantation owners, bankers, and investors led to an arrangement called negotiaties. Bankers oversaw plantations’ cash flows and placed mortgage debt with investors. We demonstrate how this securitization arrangement worked using market-wide data and detailed records from banker F. W. Hudig. During the boom, debt contracts and their securitization were an effective solution for planters, bankers, and investors. However, the market crashed after an oversupply of credit. This led to inefficient restructuring due to debt overhang.
Journal Article
Intervention mapping to address social and economic factors impacting indigenous people’s health in Suriname’s interior region
Background
Previous studies found that while internationally financed economic development projects reduced poverty when measured in terms of per capita GDP, they also caused indigenous people to become disassociated, impoverished and alienated minorities whose health status has declined to unacceptable lows when measured in terms of mercury poisoning and the burgeoning rate of suicide. In this study, we developed a needs assessment and a policy-oriented causal diagram to determine whether the impaired health of the people in this region was at least partially due to the role the country has played within the global economy. Specifically, could the health and well-being of indigenous people in Suriname be understood in terms of the foreign investment programs and economic development policies traceable to the Inter-American Development Bank’s
Suriname Land Management Project
.
Methods
Interviews took place from 2004 through 2015 involving stakeholders with an interest in public health and economic development. A policy-oriented causal diagram was created to model a complex community health system and weave together a wide range of ideas and views captured during the interview process.
Results
Converting land and resources held by indigenous people into private ownership has created an active market for land, increased investment and productivity, and reduced poverty when measured in terms of per capita GDP. However, it has also caused indigenous people to become disassociated, impoverished and alienated minorities whose health status has declined to unacceptable lows.
While the effects of economic development programs on the health of vulnerable indigenous communities are clear, the governance response is not. The governance response appeared to be determined less by the urgency of the public health issue or by the compelling logic of an appropriate response, and more by competing economic interests and the exercise of power.
Conclusion
The health and well-being of the indigenous Wayana in Suriname’s interior region is at least partially due to the role the country has played within the global economy. Specifically, the health and well-being of indigenous people in Suriname can be understood to be a result of foreign development bank-funded projects that drive the government of Suriname to trade land and natural resources on the global market to manage their country’s balance of payments.
Journal Article
Recovering historical inflation data from postage stamps prices
For many developing countries, historical inflation figures are rarely available. We propose a simple method that aims to recover such figures of inflation using prices of postage stamps issued in earlier years. We illustrate our method for Suriname, where annual inflation rates are available for 1961 until 2015, and where fluctuations in inflation rates are prominent. We estimate the inflation rates for the sample 1873 to 1960. Our main finding is that high inflation periods usually last no longer than 2 or 3 years. An Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) model for the recent sample and for the full sample with the recovered inflation rates shows the relevance of adding the recovered data.
Journal Article
Suriname: The Nation Against the State
Examines the political climate since independence in 1975 and outlook for the upcoming presidential election; some focus on domestic and international implications the election of former military commander Désiré Bouterse would have.
Magazine Article