I wonder what else might have happened around 1990?https://twitter.com/Noahpinion/status/1052946337883275264 …
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Thus, the Cold War was really the aftermath of the European colonial period, with American and Soviet and Chinese influence vying over states that were still institutionally weak thanks to colonialism.
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That's precisely the point - there is no whitewashing colonialism, but the Solow model has productive capital accumulation without misallocation. That's likely why it didn't fit until the 1990s for much of the world. It worked where capitalism worked (eg Europe post WWII)
End of conversation
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