Open AccessDifferential Impact on Economic Development
Author(s) -
Isaac Ulderico Mirti
Publication year - 2021
Publication title -
journal of undergraduate research
Language(s) - English
Resource type - Journals
ISSN - 2638-0668
DOI - 10.32473/ufjur.v23i.128408
Subject(s) - colonialism , portuguese , independence (probability theory) , differential (mechanical device) , development economics , geography , economy , economics , political science , law , philosophy , statistics , linguistics , mathematics , engineering , aerospace engineering
Why are some countries wealthier than others? There are numerous ways to address this question; however, there is substantial literature in development economics suggesting that a nation’s colonial history plays an integral part in pre-determining who is rich, and who is poor. Previous studies suggest that among former African colonies, British or French colonies experienced marginally faster growth rates than Portuguese, Belgian, or Italian ones. This provides additional insight to suggest that differentiation in economic growth could be explained by a nation’s colonial history. This study attempts to understand the differential impacts of British and French colonialism on the economic growth in sub-Saharan Africa. By investigating the different approaches to colonizing, is it possible that one of these previous imperial powers better equipped their colonies with formidable institutions conducive for economic growth after independence?