Accidental fortune: natural resources and creation of property regimes in the americas

Authors

  • Guillermo Arribas Irazola Pontificia Universidad Católica del Perú

    Mr. Arribas wishes to thank to Carol Rose, Robert Ellickson, Claire Priest, Steven Pincus for their generous contributions to earlier versions of this paper and for their support throughout his research work, Micaela Bullard, Isabella Uria and Bradley Hayes for their constant support reviewing earlier versions of this paper.

DOI:

https://doi.org/10.18800/themis.201701.016

Keywords:

property regime, natural resources, mining, colonialism

Abstract

Why are some countries of Latin America poor despite their great wealth? From the colony to the republic, many Latin American economies have focused on the extraction of natural resources.
In the following article, the author will develop a historical analysis of the Spanish conquest. Specially focusing on the Peruvian case, the author will explain how this background shaped a top-down property regime with longstanding effects.
To duly explain the “Accidental Fortune”, a constant comparison will be make between the Spanish conquest of the Americas, and the British colonization of North America. The author will show how the found resources guided each case into different directions.

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Published

2017-04-24

How to Cite

Arribas Irazola, G. (2017). Accidental fortune: natural resources and creation of property regimes in the americas. THEMIS Revista De Derecho, (71), 239–255. https://doi.org/10.18800/themis.201701.016

Issue

No. 71 (2017): Derecho procesal y arbitraje

Section

Interdisciplinarias

License

Copyright (c) 2018 TH?MIS-Revista de Derecho

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.