Malta’s economic policy evolution from gaining independence in 1964 to its accession to the EU in 2004

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Jolanta Janek

Abstract

Until the 1960s, when Malta remained a British colony, its economy was characterised by a low degree of industrialisation and low exports and was subordinated to the interests of the metropolis. The main source of income for the country was the shipyard and the Royal Navy base. The independence of 1964 created a political and economic space for the industrialisation and development of Malta. In the following years, despite several radical changes in the economic policy pursued by successive governments, the Maltese economy gained high growth dynamics, diversified production, managed to attract foreign investors, gained access to new technologies, developed exports. The model focused on export production and attracting foreign direct investment turned out to be effective and made it possible to implement a costly welfare state policy.

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How to Cite
Janek, J. . . . (2018). Malta’s economic policy evolution from gaining independence in 1964 to its accession to the EU in 2004. Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia I Prace, (4 (36), 221–242. Retrieved from https://econjournals.sgh.waw.pl/kwes/article/view/1443
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