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Colonial Legacies and Economic Growth on JSTOR

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Summary

This paper examines the effect of colonization on economic growth and development in 63 ex-colonial states from 1961-1990. The results suggest that colonies held for longer periods of time perform better on average after independence. Additionally, the level of education at the time of independence can explain some of the development gap between former British and French colonies in Africa. Public Choice is a journal that provides a platform for economists and political scientists to engage in meaningful dialogue, with a focus on the application of economic methods to political science problems. Springer is an international scientific publishing company that produces over 1,200 journals and 3,000 new books annually.

Q&As

What is the purpose of the paper discussed in the article?
The purpose of the paper discussed in the article is to close the gap between the literature on development and new growth theory by testing the effect of colonization on subsequent growth and development.

What were the findings of the study on colonization and subsequent growth and development?
The findings of the study on colonization and subsequent growth and development were that colonies that were held for longer periods of time than other countries tend to perform better, on average, after independence, and that the level of education at the time of independence can help to explain much of the development gap between the former British and French colonies in Africa.

What is the role of the journal Public Choice?
The role of the journal Public Choice is to introduce economists and political scientists to each other, and allow them to explain themselves through the medium of its pages.

What is Springer's involvement with scientific publishing?
Springer is one of the leading international scientific publishing companies, publishing over 1,200 journals and more than 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine, physics, engineering, mathematics, computer sciences, and economics.

What are the terms and conditions of using the JSTOR Collection?
The terms and conditions of using the JSTOR Collection can be found in the Terms and Conditions section of the website.

AI Comments

👍 This article provides an in-depth analysis of the effects of colonization on economic growth and development by drawing from a variety of sources, from theoretical literature to empirical evidence. The discussion of Public Choice and Springer's involvement in international scientific publishing is also enlightening.

👎 The article is quite long and could have been more concise in its presentation of the evidence and conclusions. In addition, the lack of recent data makes it difficult to draw more up-to-date conclusions.

AI Discussion

Me: It's about colonial legacies and economic growth. It looks at the different effects of colonization on economic development in ex-colonial states from 1961-1990. It also discusses how the level of education at the time of independence can explain much of the development gap between former British and French colonies in Africa.

Friend: That's really interesting. What are the implications of the article?

Me: Well, the article suggests that longer periods of colonization tend to result in better economic performance after independence. It also suggests that the level of education at the time of independence can help to explain much of the development gap between former British and French colonies in Africa. These implications could be used to inform policy decisions in countries that were once colonized, as they could help to identify areas in which investment or reform is needed in order to promote economic growth.

Action items

Research other studies that have been conducted on the effects of colonialism on economic growth.
Explore the implications of the findings from this article for current economic development strategies.
Investigate the role of education in closing the development gap between former British and French colonies in Africa.

Technical terms

Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.
New Growth Theory: A theory in economics that emphasizes the role of technological progress in economic growth.
Development: The process of improving the quality of all human lives by increasing economic production, improving living standards, and providing better health care and educational opportunities.
Public Choice: The intersection between economics and political science.
Springer: One of the leading international scientific publishing companies, publishing over 1,200 journals and more than 3,000 new books annually.
JSTOR: A digital library of academic journals, books, and primary sources.