Local Suppliers of Credit in the Third World, 1750-1960: Introduction
This book explores an important but little researched aspect of the emergence of the world economy, and of the history of regional and local economies in Asia, Africa and Latin America; the historical development of sources of credit based in the Third World itself, rather than in the European and North American metropoles of the world economy. The existing literature has noted a variety of activities by moneylenders and local and regional bankers, ranging from exploitation of peasants to investment in manufacturing. There has also been considerable discussion of their interest rates and lending policies, their impact on production and their relationships with governments. But these studies relate to particular kinds of credit suppliers in their respective places and periods. Until now no single volume has addressed the question of their place in the development of the capitalist world economy as a whole.
KeywordsCredit Trade Credit Market Economic History Local Supplier Credit Institution
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