Canada Day celebrations in Calgary, Alberta in 2022

Indigenous economics is a distinct field of economic study that explores the economic systems, practices, theories, and philosophies unique to Indigenous peoples across the globe.[1] This approach to economics examines the ways in which Indigenous peoples understand, interact with, and manage resources within their specific cultural contexts.[2] Indigenous economics often contrasts with conventional Western economic models due to its emphasis on communal values, sustainability, and an intricate connection with land and environment.[3][4]

History

The study of Indigenous economics emerged in the latter half of the 20th century as scholars sought to gain a broader understanding of the diverse range of economic systems in the world.[5][6] The rise of globalization, the impact of colonialism on Indigenous societies, and the need to promote sustainable economic practices were among the key factors that spurred interest in this field.[7][8]

Concepts and principles

Indigenous economics is deeply rooted in the specific cultural beliefs, norms, and values of individual Indigenous communities. Despite this diversity, certain common principles and themes often arise:[7][9][10]

  • Communal Ownership and Resource Management: Many Indigenous cultures do not adhere to Western notions of individual property rights. Instead, resources such as land and water are often managed communally, with an emphasis on collective responsibility and stewardship.[11]
  • Sustainability and Long-Term Planning: Indigenous economic systems frequently prioritize sustainability and the maintenance of ecological balance. Economic decisions are often made with an eye towards their long-term impact on the community and the environment.
  • Reciprocity and Redistribution: Economic interactions within Indigenous societies often revolve around principles of reciprocity and redistribution, rather than the Western concept of competitive market exchange.
  • Holistic Approach: Indigenous economics frequently adopts a holistic approach, acknowledging the interconnectedness of the economy with cultural, spiritual, social, and environmental dimensions.

Notable scholars and contributions

Prominent scholars in the field include Leanne Betasamosake Simpson, a Michi Saagiig Nishnaabeg scholar, writer, and artist who has highlighted the connection between Indigenous economics and resurgence movements;[12] Jeff Corntassel, a Cherokee Nation citizen whose work has explored Indigenous resource management;[13] and Winona LaDuke, an Anishinaabe economist and environmental activist who has written extensively on Indigenous economic systems and sustainable development.

See also

References

  1. ↑ Kelly, Dara; Woods, Christine (2021-06-02). "Ethical Indigenous Economies". Engaged Scholar Journal: Community-Engaged Research, Teaching, and Learning. 7 (1): 140–158. doi:10.15402/esj.v7i1.70010. ISSN 2368-416X. S2CID 264545435.
  2. ↑ Butler, Richard (2021). "Research on Tourism, Indigenous Peoples and Economic Development: A Missing Component". Land. 10 (12): 1329. doi:10.3390/land10121329. ISSN 2073-445X.
  3. ↑ "Indigenous Economic Development", Anthropology, Oxford University Press, 2021-11-23, doi:10.1093/obo/9780199766567-0273, ISBN 978-0-19-976656-7, retrieved 2023-10-07
  4. ↑ Poyser, Andre; Daugaard, Dan (2023). "Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG , sustainability and indigenous community practices". Accounting & Finance. 63 (1): 47–76. doi:10.1111/acfi.13062. ISSN 0810-5391.
  5. ↑ Engaging Indigenous Economy: Debating diverse approaches. Vol. 35. ANU Press. 2016. ISBN 978-1-76046-003-7. JSTOR j.ctt1d10hpt.
  6. ↑ Anderson, Robert B.; Wingham, Dianne W.; Giberson, Robert J.; Gibson, Brian (2007), Campbell, Gwyn; Guibert, Nathalie (eds.), "Indigenous Economic Development: A Tale of Two Wineries", Wine, Society, and Globalization: Multidisciplinary Perspectives on the Wine Industry, New York: Palgrave Macmillan US, pp. 201–220, doi:10.1057/9780230609907_11, ISBN 978-0-230-60990-7, S2CID 157443835, retrieved 2023-10-07
  7. 1 2 Trosper, Ronald L. (2022). Indigenous economics: sustaining peoples and their lands. Tucson: University of Arizona Press. ISBN 978-0-8165-3345-9.
  8. ↑ Gittos, Annette; Goodacre, Dana (2022). Unlocking Indigenous Peoples' Economic Potential in the AsiaPacific Region for a More Inclusive Recovery (PDF). Ministry of Business, Innovation and Employment, New Zealand. pp. New Zealand.
  9. ↑ Coates, Ken; Holroyd, Carin (2022-04-12), "Participation of Indigenous peoples in global economic activity", Research Handbook on the International Law of Indigenous Rights, Edward Elgar Publishing, pp. 308–330, doi:10.4337/9781788115797.00027, ISBN 978-1-78811-579-7, retrieved 2023-10-07
  10. ↑ Schulze, Hillmarè; Hurren, Konrad; Riley, Hannah (2021). Case Studies on Advancing Inclusive Economic Growth: Understanding and Valuing Indigenous Economies within APEC (PDF). Business and Economic Research Limited (BERL).
  11. ↑ Swiderska, Krystyna. "Here's why Indigenous economics is the key to saving nature". International Institute for Environment and Development. Retrieved 2023-10-07.
  12. ↑ Simpson, Leanne Betasamosake (2017). As We Have Always Done: Indigenous Freedom through Radical Resistance. University of Minnesota Press. doi:10.5749/j.ctt1pwt77c. ISBN 978-1-5179-0386-2. JSTOR 10.5749/j.ctt1pwt77c.
  13. ↑ von der Porten, Suzanne; Corntassel, Jeff; Mucina, Devi (2019). "Indigenous nationhood and herring governance: strategies for the reassertion of Indigenous authority and inter-Indigenous solidarity regarding marine resources". AlterNative: An International Journal of Indigenous Peoples. 15 (1): 62–74. doi:10.1177/1177180118823560. ISSN 1177-1801. S2CID 150847571.
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