Colonial Legacy and Economic Development in Latin America

• cours - matière potentielle : time
• cours - matière potentielle : the colonial period

1 Colonial Legacy and Economic Development in Latin America1 Rafael Dobado González Complutense University “Such is the interest aroused by the misfortune of a vanquished people that it often makes men unfair to the descendants of the victorious people.” Humboldt (1822:1991), pp. 54-55. 1. Introduction Colonialism is back in fashion again.2 In recent years it has become a popular subject of study for economists and economic historians.

• mention between the initial conditions
• institutions of private property
• respective economies
• extractive institutions
• broad outlines
• indigenous population
• easy access to property rights
• scale economies
• colonial legacy
• economic development