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Comparative capitalism and sustainable development: Stakeholder capitalism and co‐management in the Kenyan fisheries sub sector

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  • Cosmas Milton Obote Ochieng

Abstract

This paper argues that stakeholder capitalism is more appropriate to natural resource management and rural development in Africa than other varieties of capitalism. It examines different management arrangements in Kenyan Lake Victoria fisheries resources to argue that whilst stakeholder capitalism is still far from being the mainstream model of capitalism in Kenya, theoretically and empirically, it is more appropriate to sustainable development than the Anglo‐Saxon variety of capitalism that the country inherited from its British colonizers. The paper demonstrates that the concepts of ownership and management rights are social, economic and political constructs that are continuously contested, with huge implications for sustainable development and natural resource management.

Suggested Citation

  • Cosmas Milton Obote Ochieng, 2008. "Comparative capitalism and sustainable development: Stakeholder capitalism and co‐management in the Kenyan fisheries sub sector," Natural Resources Forum, Blackwell Publishing, vol. 32(1), pages 64-76, February.
    • Handle: RePEc:wly:natres:v:32:y:2008:i:1:p:64-76
    DOI: 10.1111/j.1477-8947.2008.00168.x
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    References listed on IDEAS

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    1. Eggert, Håkan & Lokina, Razack B., 2010. "Regulatory compliance in Lake Victoria fisheries," Environment and Development Economics, Cambridge University Press, vol. 15(2), pages 197-217, April.
    2. Dore, Ronald, 2000. "Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons," OUP Catalogue, Oxford University Press, number 9780199240616.
    3. Franklin Allen, 2005. "Corporate Governance in Emerging Economies," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 21(2), pages 164-177, Summer.
    4. Ochieng, Cosmas Milton Obote, 2007. "Development through Positive Deviance and its Implications for Economic Policy Making and Public Administration in Africa: The Case of Kenyan Agricultural Development, 1930-2005," World Development, Elsevier, vol. 35(3), pages 454-479, March.
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