Acemoglu and Robinson, in their widely read Why Nations Fail (2014), have an excellent example of the immediate and long-term legacy impacts of colonialism, which is worth quoting at length (p. 249-250): The extractive institutions created by the Dutch in the Spice Islands had the desired effects, though, in Banda this was at the […]
Tags: #Colonial legacy #Colonialism #Extractive Institutions #Institutions #Why Nations Fail