Hayek Order
Thursday, December 23, 2010
Ian Morris musings
The reason relates to two historical correlations noted by him: regions that were relatively more developed in the past tend to industrialise and develop faster than those who were less developed; and countries that avoided European colonisation also tended to industrialise faster than the colonised. Japan was developed in the past (before 1800 or so) and not colonised; China was highly developed in the past and only partly and intermittently colonised; and India was both less developed and colonised. Looking ahead therefore, India’s prospects may be bright but China’s are brighter still.
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