The Creation Of The East Timorese Economy

This two-volume study explores the economy of East Timor, of which very little has been written since the country gained independence in 2002. Currently, no comprehensive account exists of the economic history of the country. The former cannot be properly understood without a knowledge of the historical process that created the present-day situation. This research monograph is the first book to combine a historical analysis of the creation and development of the economy of East Timor from the earliest times to the present, and an analysis of the main contemporary problems facing the East Timorese economy. Volume I considers East Timor from a chronological perspective, as an occupied country up to the point at which Indonesia leave. This book will appeal to scholars and students of economics, political and social science. It will also be of interest to practitioners in these fields as it focuses on down-to-earth problems that need to be solved for the economy to develop.

Very little has been written on the economy of East Timor since the country’s independence in 2002, and no comprehensive account exists of the economic history of the country. The former cannot be properly understood without a knowledge of the historical process that created the present-day situation. This research monograph is the first book to combine a historical analysis of the creation and development of the economy of East Timor from the earliest times to the present, and an analysis of the main contemporary problems facing the East Timorese economy. Volume II offers a detailed analysis of the economy of East Timor, of politics, fiscal policy and social progress. It pays particular attention to structural problems: employment generation and the lack of a modern sector, the modernization of agriculture and the management of the oil deposits in the Timor Sea. The first volume, available separately, considers East Timor from a chronological perspective, as a Portuguese colony, and a country occupied by Indonesia up to national independence in 2002. This book will appeal to economists, political scientists and social scientists in general as well as practitioners, since it focuses on down-to-earth problems that need to be solved for the economy to develop. The book can also be read by students both at the undergraduate and graduate levels and could be used for case studies in development.

The challenges facing an independent East Timor are particularly acute. It is not only one of the poorest nations on earth but the terrible events of 1999 have also destroyed much of the countrys buildings and infrastructure, as well as the nations bureaucratic and commercial capacity. The decisions and the policy framework adopted in the early years by the leaders of this new nation will be critical.This book is an original work written by experts and well-known specialists in the field. It assembles all the latest information about the economy, assesses future policy options, and draws on lessons of international experience for this new nation. It is perhaps the only book about East Timor with this coverage and will be invaluable to those who are interested in developments in the region.

For the people of Timor-Leste, independence promised a fundamental transformation from foreign occupation to self-rule, from brutality to respect for basic rights, and from poverty to prosperity. In the eyes of the country’s political leaders, revenue from the country’s oil and gas reserves is the means by which that transformation could be effected. Over the past decade, they have formulated ambitious plans for state-led development projects and rapid economic growth. Paradoxically, these modernist visions are simultaneously informed by and contradict ideas stemming from custom, religion, accountability and responsibility to future generations. This book explores how the promise of prosperity informs policy and how policy debates shape expectations about the future in one of the world’s newest and poorest nation-states.

Very little has been written on the economy of East Timor since the country’s independence in 2002, and no comprehensive account exists of the economic history of the country. The former cannot be properly understood without a knowledge of the historical process that created the present-day situation. This research monograph is the first book to combine a historical analysis of the creation and development of the economy of East Timor from the earliest times to the present, and an analysis of the main contemporary problems facing the East Timorese economy. Volume II offers a detailed analysis of the economy of East Timor, of politics, fiscal policy and social progress. It pays particular attention to structural problems: employment generation and the lack of a modern sector, the modernization of agriculture and the management of the oil deposits in the Timor Sea. The first volume, available separately, considers East Timor from a chronological perspective, as a Portuguese colony, and a country occupied by Indonesia up to national independence in 2002. This book will appeal to economists, political scientists and social scientists in general as well as practitioners, since it focuses on down-to-earth problems that need to be solved for the economy to develop. The book can also be read by students both at the undergraduate and graduate levels and could be used for case studies in development.

Timor-Leste has made impressive progress since its historic achievement of independence in 2002. From the instability that blighted its early years, the fledgling democratic country has achieved strong economic growth and a gradual reinstatement of essential social services. A decade on in 2012, Presidential and Parliamentary elections produced smooth political transitions and the extended UN peacekeeping presence in the country came to an end. But significant challenges remain. This book, a product of the inaugural Timor-Leste Update held at The Australian National University in 2013 to mark the end of Timor-Leste’s first decade as a new nation, brings together a vibrant collection of papers from leading and emerging scholars and policy analysts. Collectively, the chapters provide a set of critical reflections on recent political, economic and social developments in Timor-Leste. The volume also looks to the future, highlighting a range of transitions, prospects and undoubted challenges facing the nation over the next 5–10 years. Key themes that inform the collection include nation-building in the shadow of history, trends in economic development, stability and social cohesion, and citizenship, democracy and social inclusion. The book is an indispensable guide to contemporary Timor-Leste.