Colonial Agreement

For example, an interesting observation is the “reversal of fate” – the less developed civilizations of 1500, such as North America, Australia and New Zealand, are now much richer than countries that were in 1500 in prosperous civilizations before the arrival of settlers, such as tycoons in India and Incas in America. One explanation the document provides focuses on the political institutions of the various colonies: it was less likely that European settlers would set up economic institutions in which they could quickly benefit from resource extraction in the region. Given a more developed civilization and a denser population, European settlers would therefore prefer to maintain existing economies rather than introduce an entirely new system; While in places where there is not much to extract, European settlers would prefer to set up new economic institutions to protect their interests. Foreign aid came in the form of loans, land, loans and tools to accelerate development, but was allocated only to men. In a more European way, women were expected to serve on a more domestic level. . . .

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