Plantation Economy
Subject: Economics | Topics:

This article talks about Plantation Economy, which is an economy based on agricultural mass production. It continue to reflect the historic legacy with plantation-type enterprises operating in primary, natural resource sectors, such as oil, gas, bauxite, bananas, sugar, and tourism. It share the Guyanese historian Walter Rodney’s concept of the underdevelopment of both Africa and the Caribbean, while others, notably Lloyd Best, argue that Rodney’s view is static and mechanistic in nature. Plantation economies rely on the export of cash crops as a source of income.

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