The Economy of Modern Malta From the Nineteenth to the Twenty-First

This book provides the first wide-ranging account of the Maltese economy in the modern era, from colonialism to European Union membership. It sets arguments about growth and development, and the impact and legacy of colonization, against detailed his

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THE ECONOMY OF MODERN MALTA From the Nineteenth to the Twenty-First Century

Paul Caruana Galizia

Palgrave Studies in Economic History Series Editor Kent Deng London School of Economics London, United Kingdom

Palgrave Studies in Economic History is designed to illuminate and enrich our understanding of economies and economic phenomena of the past. The series covers a vast range of topics including financial history, labour history, development economics, commercialisation, urbanisation, industrialisation, modernisation, globalisation, and changes in world economic orders. More information about this series at http://www.springer.com/series/14632

Paul Caruana Galizia

The Economy of Modern Malta From the Nineteenth to the Twenty-First Century

Paul Caruana Galizia Institute of Economic History Humboldt-University of Berlin Berlin, Germany

Palgrave Studies in Economic History ISBN 978-1-137-56597-6    ISBN 978-1-137-56598-3 (eBook) DOI 10.1057/978-1-137-56598-3 Library of Congress Control Number: 2016960961 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: © Armand Sciberras, Vetta/Getty Images Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Nature America Inc. The registered company address is: 1 New York Plaza, New York, NY 10004, U.S.A.

Acknowledgements

I wrote this book as a fellow in the Institute of Economic History at the Humboldt University of Berlin. My first debt is to Nikolaus Wolf, the Institute’s Chair, for his support throughout two wunderbare Jahre in Berlin. At Humboldt, I received excellent research assistance from Felix Kersting, Oliver Salzmann, and André Wiesner. Over the past few years, staff at the National Archives of Malta, the National Statistics Office of Malta, the International Monetary Fund publications team, the London School of Economics Archives, the Cambridge University L