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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. .

Economic history. --- Timor-Leste --- Economic conditions. --- Economic conditions --- History, Economic --- Economics --- Democratic Republic of East Timor --- Democratic Republic of Timor-Leste --- East Timor --- Higashi Timōru --- Itä-Timor --- Östra Timor --- Östtimor --- RDTL --- Repoṕlika Democrátika Timor Lorosa'e --- República Democrática de Timor-Leste --- Repúblika Demokrátika Timor Lorosa'e --- Repúplica Democrática de Timor-Leste --- Timor Lorosa'e --- Timor Wschodni --- Тимор-Лесте --- 東ティモール --- Timor Timur (Indonesia) --- Asia—History. --- Development economics. --- Political science. --- Economic development. --- Natural resources. --- Economic History. --- Asian History. --- Development Economics. --- Political Science. --- Development Studies. --- Natural Resource and Energy Economics. --- National resources --- Natural resources --- Resources, Natural --- Resource-based communities --- Resource curse --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- Social sciences --- State, The --- Economic development --- Economic aspects --- Asia --- Power resources. --- History. --- Energy --- Energy resources --- Power supply --- Energy harvesting --- Energy industries