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January Term Abroad
ECON-398 Island Economics: Natural Resources in Hawaiian Economic Development
Hawaii has no iron, no oil, and no gold. Yet for nearly three centuries it has been one of the most highly sought-after regions of the globe. Climate and location are the reason, for what Hawaii lacks in traditional natural resources used for industry it compensates for through an environment that is conducive to producing a wide variety of foodstuffs and recreational amenities as well as a physical position squarely in the middle of the main trans-Pacific trade route. This course examines how the combination of climate and location influenced the historical evolution of the Hawaiian economy from a pre-contact subsistence economy through an early Westernized extractive economy based on whaling and forestry to a plantation based agricultural economy centered on sugar and pineapples up to the state’s current military and tourism-based economy. Specific attention will focus on the interconnection between the Hawaiian environment and its economy. Primary areas of emphasis will be the relative effectiveness of the pre-contact Hawaiian subsistence economy at meeting the needs of early Hawaiian society; the structural changes to land and water ownership which allowed the creation of export-oriented plantation-based agriculture; the effects on labor markets of oligopsony power in sugar and cannery industries; and the changes in global markets that led to the collapse of the sugar industry in Hawaii. Additional focus will be on the development of a non-consumptive natural resource-based economy: tourism. The class will also focus on the boom/bust patterns of Hawaiian employment and income patterns.Prerequisite: ECON 210 or equivalent and MATH 160 or higher; or instructor consent. Fall semester prior to JT'14 departure, students will be required to enroll and participate in the IDST 098 Orientation to International Study (1 credit).
Faculty: Professor Eric Schuck
Fees: Program Fee: $4,700 Estimated Air: $900
Credits: 4
LC: QR or GP