Grafe, Regina; Irigoin, Alejandra - Northwestern University <Evanston, Ill.; College of New …; …
also over expenditure allocation.Mirroring Elliot’s characterization of the English empire as a‘stakeholder empire’ we … contend that the Spanish colonial statedeveloped into a stakeholder model, in which local interests weredeeply invested in the … the local economy, while minimizing enforcements costs. Byallowing stakeholder control of both revenue and expenditure …
