Daron Acemoglu highlighted that the divergent colonial strategies have crafted varied institutional frameworks that continue influencing economic success and instability across former colonies.
Acemoglu acknowledged democracy's complexity, stating that while it is generally beneficial, its introduction can provoke conflict, particularly in societies that are already polarized.
The researchers emphasized the correlation between colonial survival rates and institutional outcomes, revealing democratic governance leads to prosperity where settlers flourished.
Despite the evidence favoring democratic institutions, China exemplifies an alternative path, showcasing rapid economic growth under an autocratic regime.
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