Why is North America (US + Canada + Mexico) ,.more economically developed than South American counties.. is it just because the is US culturally that different , I mean South Americans.are we’re originally influenced by Western Europe as well . Or is the some geographic or climatic difference that affected development?
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This is not easily ELI5 (or ELI 18 for that matter) as there are many factors involved and no simple narrative can possibly capture the nuances.
Here is an economic paper from the NBER that is probably in reasonable layperson’s territory although some familiarity with economic terms is necessary.
[https://www.nber.org/system/files/chapters/c10652/c10652.pdf](https://www.nber.org/system/files/chapters/c10652/c10652.pdf)
There are theories based on climate (prevalence of diseases), poor legal foundations, differences in colonial institutions, poor macro economic and political factors.
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