Focus on regulation theory

Abstract

The struggles of indigenous peoples for recognition of their rights to their customary land and resources are almost as common as the treaties that guide them. Governments of many countries have been, or are currently, involved in creating redress packages for these indigenous people. The people of these native groups often live in sub-standard socio-economic conditions, having low incomes and high unemployment. The way in which indigenous people use the redress packages or settlements will have substantial effects on their long-term socio-economic status. This paper looks at economic development theory, in particular, regulation theory, focusing on how indigenous peoples' rights to land and resources, and the settlements that result, can be utilised to create sustainable economic development. It draws from the experience of the New Zealand Maori, in particular the Ngai Tahu and Tainui tribes, to outline in terms of their land rights and how their ability to exercise these rights have affected economic development.