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Why Africa Is Still Poor - Exclusive Interview with Daron Acemoglu

Economics Explained

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Historical Development and Impact on Colonization Strategies

European colonization strategies differed in South America and North America due to the existing settlements. South America was settled by Spaniards following an elite-driven approach, while English colonization faced challenges in North America leading to self-governing institutions in places like Jamestown. Africa, with existing settlements and harsh conditions, saw an exploited relationship by Europeans. Countries like Botswana thrived post-independence due to historical ties with the British Empire, showcasing a blend of human agency, luck, and historical legacies.

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