(I) Historically, countries with colonial settlers who planned on staying for long periods of time set up sound economic institutions.
(II) Countries with harsh environments not suitable for permanent settlements resulted in colonial settlers adopting weaker and less productive economic institutions before leaving.

Question

(I)  Historically, countries with colonial settlers who planned on staying for long periods of time set up sound economic institutions.
(II)  Countries with harsh environments not suitable for permanent settlements resulted in colonial settlers adopting weaker and less productive economic institutions before leaving.

Quizplus · Accepted Answer

Colonial settlers who intended to stay long-term often established strong institutions to ensure economic stability and growth. Conversely, in regions where settlers did not plan to stay due to harsh conditions, they often set up weaker institutions, focusing on short-term extraction rather than sustainable development.

(I) Historically, Countries with Colonial Settlers Who Planned on Staying for Long