Plymouth was more or less an example-setter for future establishments on the east coast, as it was small and didn’t provide much economic output. Without solid leadership and colonist participation no colony or settlement would be able to last long in America.
Although leadership was highly valued in the colonies, it was not the only essential quality needed for growth of empires in the New World... displayed 300 characters
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When a family goes on vacation for a couple a weeks it always helps to have good neighbors to keep an eye on the house while the family is away, obviously. The same concept would apply to the relationship of European settlers with the native Americans. When the white men first settled in the colonies of the newly discovered, but already inhabited, land, the white were not at all polite or outreaching to the natives... displayed next 300 characters
much faster growth when copying the leaders. It is important to realize that
these growth rates should slow as the countries catch up.
An area in which East Asia is investing much of its GDP is in physical
capital and education...
Analysis of the success story of China, with an astonishing annual growth rate of
8.0 percent since the late 1970s, together with other well-known East Asian experiences that have
taken place in countries such as South Korea and Taiwan, provide the basis to build some stylized facts
about the take-off and the process of sustaining economic growth...
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