Economics · Institutional Economics
Empirical evidence from colonial history supports the view that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Technological progress was entirely irrelevant to development.
- 2Institutional structures established during colonialism had profound, long-term economic effects.✓
- 3All historical colonies developed uniformly across regions.
- 4Geography alone strictly determines contemporary economic success.
Correct answer
Institutional structures established during colonialism had profound, long-term economic effects.
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