Economics & Finance / Economic Theory / Development Economics

Why Africa is Still Poor: The Shocking Legacy of 400 Years of Slavery & Colonialism

Africa's struggles aren't random. They're the direct result of history. This video breaks down the research by Stelios Michalopoulos and Elias Papaioannou from their NBER paper. We'll explore how the Scramble for Africa created artificial borders, how the slave trade destroyed trust, and how colonial investments still shape who gets educated today. You'll see why some regions thrive while others remain trapped. It's not about culture or destiny. It's about policies and institutions built centuries ago. Watch to understand the real roots of African development.