Saturday, November 27, 2010

Colonial Institutions Might Have Been Worse that We Thought

It’s a 30 year old position in economics: former British colonies have done better because British colonial institutions were better than those of other imperialists.

Except that there’s new evidence from India.

India has areas that were under direct British rule, and areas that were … hmmm … paying tribute to avoid direct British rule.

The areas of India that were directly ruled by Britain have turned out worse.

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