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Daniel Helkenn's avatar

This was a fascinating read. There were a lot of surprises here. I’ m glad Mike Hampton pointed me here. Looking forward to more great content. Thank you.

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Vaishnav Sunil's avatar

That was a quick way to learn a lot. As for any causal relationships or even correlations, it's hard to interpret the data (given small samples for each type of outcome) with anything close to rigor. But well, I'd like to punt a little bit:

1. The gulf states > colonizers seems like it's oil doing most of the heavy lifting

2. US, Canada, Australia, Israel - Got rich by building better institutions but these were all settler colonies too and this somewhat seems to prove Garrett Jones' thesis that institutional trust tends to persist. (https://www.wsj.com/articles/the-culture-transplant-review-immigrations-legacy-11670794152)

3. Singapore, South Korea, Taiwan - Also got rich by building institutions and generally free market capitalism. I don't have a great hunch here except that after the destruction wreaked by WW2, maybe Japan also started from a low base.

4. Others. like Bangladesh> Pakistan isn't super surprising to me since colonization or conquest was largely a matter of size, not differential wealth or technology.

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