Estudos Ibero-Americanos ISSN: 0101-4064
[email protected] Pontifícia Universidade Católica do Rio Grande do Sul Brasil Seibert, Gerhard São Tomé and Príncipe 1975-2015: politics and economy in a former plantation colony Estudos Ibero-Americanos, vol. 42, núm. 3, septiembre-diciembre, 2016, pp. 987-1012 Pontifícia Universidade Católica do Rio Grande do Sul Porto Alegre, Brasil Available in: http://www.redalyc.org/articulo.oa?id=134648568009 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative 40 ANOS DE INDEPENDÊNCIA EM ÁFRICA http://dx.doi.org/10.15448/1980-864X.2016.3.22842 São Tomé and Príncipe 1975-2015: politics and economy in a former plantation colony* São Tomé e Príncipe 1975-2015: política e economia numa antiga colônia de plantação Santo Tomé y Príncipe 1975-2015: política y economía en una antigua colonia de plantación Gerhard Seibert** Abstract: After independence in 1975 São Tomé and Príncipe became a socialist one- party state. The regime nationalized the cocoa plantations and the entire economy. As the country lacked adequately trained people, within a few years the local economy was run down. Due to economic failure, in 1990 the regime introduced multiparty democracy and a free-market economy. Despite political instability provoked by consecutive changes of government, democracy has done relatively well. However, the economy has been ailing, since consecutive governments failed to recover the cocoa sector and diversify the economy.