Search results with tag "Early colonial"

Why is Africa Poor? - Harvard University

But simple social savings calculations show that early colonial railways (and other forms of wheeled transportation) generated signi–cant social savings (in the order or 5-10% of GDP) and railways generated massive social rates of return (up to 100% in the Nigerian case). So head porterage was not an e¢ cient way of transportation given

  Africa, Early, Transportation, Colonial, Early colonial