Article
Version 1
This version is not peer-reviewed
Colonial Legacy and Economic Persistence in the Americas
Version 1
: Received: 4 October 2024 / Approved: 7 October 2024 / Online: 7 October 2024 (11:15:18 CEST)
How to cite: Montgomery, R. M. Colonial Legacy and Economic Persistence in the Americas. Preprints 2024, 2024100396. https://doi.org/10.20944/preprints202410.0396.v1 Montgomery, R. M. Colonial Legacy and Economic Persistence in the Americas. Preprints 2024, 2024100396. https://doi.org/10.20944/preprints202410.0396.v1
Abstract
This article explores the enduring influence of colonial legacies on the economic development of the Americas, tracing their historical roots and contemporary repercussions. By examining a comprehensive range of historical and modern research, the article analyzes how colonial institutions, policies, and labour systems have profoundly shaped the economic trajectories of countries across the region. Central to the discussion is the lasting impact of colonial-era practices, such as the mining mita in Peru, and how factor endowments have influenced inequality and development patterns. The article further investigates the broader implications of these findings for understanding the deep-seated origins of economic disparities and the formidable challenge of overcoming colonial legacies in the present day. Special attention is given to the role of inclusive institutions, regional cooperation, and the intersection of culture and identity in fostering more equitable economic and social progress. Through this analysis, the article provides valuable insights into the historical foundations of contemporary economic imbalances and offers policy recommendations for addressing these persistent legacies.
Keywords
Colonial legacy; Economic development; Mining mita; Factor endowments; Inequality; Historical economic disparities; Inclusive institutions; Regional cooperation; Culture and identity; Economic trajectories; Colonial institutions; Policy reform
Subject
Social Sciences, Geography, Planning and Development
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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