Stuck in a rut with primary products : the impact of colonization on trade and growth patterns

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655 7|athesis|2marcgt
500 |aSenior Thesis -- Colorado College
500 |abachelor
500 |aBachelor of Arts
500 |aIncludes bibliographical references.
500 |a
500 |a
300 |a85 pages : illustrations
720 |aNadar, Devin
700 1 |a{'freeform_advisor': u'Lybecker, Kristina', 'advisors': []}|eadvisor
710 2 |aDepartment of Economics and Business|esponsor
710 2 |aColorado College|edegree grantor
650 1 |aTrade
245 10|aStuck in a rut with primary products : the impact of colonization on trade and growth patterns
046 |k2012
260 |aColorado Springs, Colorado|bColorado College|c2012|g2012
856 |u
246 3 |a|a
100 1 |aNadar, Devin|ecreator
700 1 |aLybecker, Kristina|ethesis advisor
700 1 |a|ecommittee member
520 |aThe pattern of stagnating growth and underdevelopment remains an all too common phenomenon for countries with a colonial past, regardless of efforts by developmental economists and international organizations. In order to increase our understanding of what factors lead to this pattern, this study investigates the link between colonization and growth by examining trade characteristics of prior colonies. Using data from the World Bank, the IMF and the OECD, this study utilizes simultaneous equation modeling to determine how trade patterns can provide the link between colonization and the current state of underdevelopment in Africa, the Middle East, and Latin America. This leads to a more refined understanding of why economic development fails to occur even in a period of booming international trade and globalization. Probing into the trade patterns of these nations, this paper answers the following question: Does colonial identity impact trade and growth patterns today? This study finds that history plays a role in determining how countries trade and grow, but the results are varied depending on the analysis utilized. Furthermore, there is a link between the types of goods traded and the growth of a nation, but trade in primary products does not necessarily limit a country’s growth potential.
500 |a
650 1 |aEconomic development
650 1 |aEconomic growth
650 1 |aColonization
650 1 |aColonial influence
651 |aMiddle East
651 |aDeveloping countries
651 |aAfrica
651 |aLatin America
650 |a
600 1 |a
610 2 |a
655 7|a
540 |aCopyright restrictions apply.
506 |a