Unravel the enduring economic puzzle and socio-political paradox of Madagascar with this compelling study. Delving into decades of declining GDP per capita and recurring growth derailments, the book offers a sophisticated political economy model explaining the nation’s challenging trajectory. By integrating historical literature with original surveys and recent development theories, it provides a unique framework for understanding Malagasy society. Essential for students and researchers in development economics, political science, and African studies, this richly documented work offers critical insights into broader development challenges across the Global South. Discover the intricacies of economic history and governance.