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by jnwrd
3882 days ago
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Africa was not blessed with the greatest geography for capital formation. The most interesting question is why Africa did not develop prior to the period of colonization, in the time period from say 1000-1500 CE when Europe when from a position of relatively inferior capital, to relatively superior capital: https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(P.... At this stage in human development capital generation is pretty much completely agricultural, and thus the productivity of the land is the chief determinant of societal outcomes. |
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https://en.m.wikipedia.org/wiki/Ancient_Carthage