Before the arrival of Europeans, Native Americans had thriving societies based on governing structures and property rights that encouraged productivity and trade. These traditional economies were crippled by federal law that has held Indians in colonial bondage. This book provides the knowledge for tribes trapped in "white tape" to revitalize their economies and communities.
Author(s): Kathy Ratté, Terry L. Anderson
Publisher: Hoover Institution Press
Year: 2022
Language: English
Pages: 203
City: Stanford
Front Cover
Advance Praise for Renewing Indigenous Economies
Title Page
Copyright
Epigraph
Contents
Foreword by Stacy Leeds
Acknowledgments
Prologue
1. Traditions of Wealth Creation
Precontact Standards of Living
Traditional Indigenous Economies
Institutions Matter
Ownership: A Requirement for Wealth
Specialization and Trade
Trade Infrastructure
Traditional Capital Markets
Jurisdiction and Governance
Fiscal Authority and Money
Conclusion
2. Tribal Economies under Colonialism
Colonizing Indian Country
The Marshall Trilogy
Federal Indian Law
The Virtuous Circle of Investment
Institutional Elements of Healthy Investment Climates
3. Property Rights and Governance
Property Rights—Nothing New under the Sun
People Make Property Valuable
The Components of Property Rights
Property Rights and Law in Indian Country
Shrinking Indian Country through Allotment and Termination
Property Rights and Investment Climates
Addressing Property-Rights Issues
Conclusion
4. Creating a Positive Investment Climate
Investor Assessment of the Business Climate
Governments Shape Investment Climates
Constitutional and Judicial Definition of Tribes’ Legal Status
Tribal Sovereignty over Reservation Lands
Trusteeship and Economic Development
Gaps in the Legal Framework on Tribal Land
Components of Investment-Supporting Legal Frameworks
Sovereign Immunity Affects Economic Development
Jurisdictional Issues Affecting Economic Development
Jurisdictional Conflict Case Study: Gaming
Economic Leakage
Credit Deserts on Reservations
Commercial Codes and Secured Transactions
Building an Investment-Friendly Economy
5. From a Grants Economy to a Revenue Economy
Tribal Fiscal Relationship to Federal and State Governments
From the Vicious Circle to the Virtuous Circle
Infrastructure Investment Starts the Virtuous Circle
The Prevalence of Substandard Tribal Infrastructure
Planning Gaps in Tribal Economies
Capital Financing
Taxation in Indian Country
Dual Taxation
Tribal Development Benefits with Off-Reservation Economies
Revising the Indian Trader Regulations and Shaping the Regulatory Environment
Funding Infrastructure without Tax Revenue
Service Agreements
Community Development Financial Institutions
Conclusion
Epilogue
Notes
Bibliography
About the Authors
Index
On the Cover
