Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
Macro Musings with David Beckworth
Geography, Institutions, and Economic Growth
In this chapter, they discuss the role of geography and institutions in explaining economic growth. They explore the limitations of geography alone and highlight the importance of economic and political institutions. The chapter also discusses the impact of colonization and the differences between Spanish and English approaches on long-term economic growth.
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