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Christopher René's avatar

Another related study linking colonial to higher average incomes. Probably know of it but I'll include it here anyways because it is related.

https://link.springer.com/article/10.1007/s10887-016-9130-y

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Paulo Cesar's avatar

´´It is modeled on the principles that economic research show works the best: free markets, low taxes, and not much regulation.´´

He says, as a Dane in Denmark, not realizing that his country proves that wrong. It should be pretty obvious that human capital is the variable that explains why both Denmark and Singapore are rich, while the Third World is not, and not low taxes.

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