How do colonial institutions and practices contribute to nowadays economic performance?
Nowadays countries are split between developed and developing countries based on their economic performance. We have as an example United States, Colombia and Haiti. Being the North American country, the developed and the Latin America and Caribbean ones the developing countries. An accurate indicator to see the divergence between these three countries is the GDP per Capita. This is an indicator that allows us to compare the overall economic performance of the countries. First, we have United States which has a GDP per capita average for the 21 st Century of 2,9%. Having a cipher of 44.726 USD for the 2000 and 54.579 USD for 2018. Second, Colombia with an average growth of 6%, which is higher than the US, but the numbers are much lower. In 2000, Colombia had a GDP per capita of 4.857 USD and for 2018 was 7,691 USD. Finally, Haiti had an average growth of 3,8%. However, Haitian GDP per capita for 2000 was 467 USD and 868 for 2018 (World Bank, 2020). These indexes can give a persp...