Today's @bopinion post is about how poor countries started catching up to rich ones.
It looks like decolonization just took a few decades to start working.https://bloom.bg/2yKQWGQ
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In 1900, per capita incomes in Canada and Argentina were about the same. Now, per capita income in Argentina is 44% what it is in Canada. Solow doesn't explain that.
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This might have something to do with that https://en.m.wikipedia.org/wiki/Dirty_War
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Latin America has been subject to US Monroe Doctrine/anti-communist military interventions and meddling lasting into the 1990s at least. This puts them further behind the curve than, say, African countries who mostly gained complete independence in the 50s-60s imho.
End of conversation
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Also, there are crazy-high Gini coefficients in Latin American countries, suggesting structural impediments to income and wealth redistribution.
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Also many Latin American acountris had terrible government communism kleptocracy military dictatorship and corruption the likes of which if it were a movie people would not believe it
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