Why do you agree or disagree with Engerman & Sokoloff that “Countries are rich because they...
Why do you agree or disagree with Engerman & Sokoloff that “Countries are rich because they had, historically, a lot of land, labor, and capital to begin with.”?
Homework Answers
Engerman and Sokoloff told a lot about the factor endowments and they indeed also mentioned that the unequal wealth distribution and political factors were the main reasons for the development of the countries which are called so. These include land, labour and also capital on the whole which was their conclusion and therefore, it can be said that they firmly agree with the statement given all in all.
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Why do you agree or disagree with Engerman & Sokoloff that
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