ABSTRACT
As an active fishing and marketing town, Estancia has large, highly productive and profitable enterprises that have produced high levels of inmigration as well as social and economic differentiation. This chapter focuses on historical development to provide a concrete sense of the dynamic interaction of cultural forms and economic behavior in enterprise formation because the fishing industry is at the core. More specifically, it also focuses on the relationship of locally defined morality as an expression of and kind of surrogate for culture and on entrepreneurship as a concrete and highly visible local manifestation of economic behavior. More broadly, Estancia's evolution casts an ominous light on two of the currently fashionable sources of social transformation in much of the development literature: more education, and economic and cultural globalization. Most recently, a small but visible middle class has begun to emerge in Estancia.
