The primary differences between the institutions of the neo-Europe and the extractive colonies established by Western Europe in their influence on economic growth rates were

Question

Quizplus · Accepted Answer

The primary differences lie in the protection of private property and precautions against government expropriation. These factors are crucial for fostering an environment conducive to economic growth. The transfer of resources back to the colonizer, while significant, is not a distinguishing factor in the context of the institutions' influence on economic growth rates between neo-Europe and extractive colonies.

The Primary Differences Between the Institutions of the Neo-Europe and the Extractive