Explain the economic development of latin

Reference no: EM133671264

Assignment:

Engerman and Sokoloff argue that the initial degree of inequality explains the enduring differences in the economic development of Latin and North America with this inequality stemming from two conditions: factor endowments suitable to the cultivation of sugar and other valuable commodities entailed large slave plantations as well as from the presence of large numbers of Native Americans. How are colonial institutions responsible for the reification of the resulting inequalities that manifest themselves in wealth, human capital, and political power disparities? explain, provides references with in-text citations.

Reference no: EM133671264

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