Ep. 210: Mark Koyama on What Makes Some Nations Richer Than Others
Macro Hive Conversations With Bilal Hafeez
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Colonization, Slavery, and Economic Development
This chapter delves into the historical impact of colonization and slavery on the economies of the U.S. and Western European countries, emphasizing the transatlantic slave trade's deep involvement. It contrasts the economic legacies of slavery in different regions, highlighting the negative effects on wealth accumulation and growth processes. The discussion also challenges misconceptions about the wealth of nations, focusing on historical economic situations in India, China, and Europe.
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