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Posts tagged as “Santiago Silva Restrepo”

A Tale of Two Koreas

SILVA SANTIAGO 9081Santiago Silva Restrepo, MBA/MPA Class of 2016

It has been said, by many authors like Landes (1998), Acemoglu et. al (2001) or Henry et. al (2009), that economic development have many determinants like geography, culture, policies and institutions. Particularly, I am of the opinion that development is a complex process where every mentioned factor is complementary to the other and plays a role in that process. By the same token, Acemoglu and Robinson (2012) had argued that countries with similar initial endowments could present very different development paths depending on the dynamics between those determinants. For example, when Japan lost World War II and had to abandon its Korean colony in 1945, the Korean Peninsula was divided in two countries, North and South Korea, that despite their initial similarities achieved different results in their development path after 1960s.…

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