Chile and Argentina were more fortunate in this process, they had few indigenous people which Spanish saw as almost free labor force, their mineral riches were “neglected” while Spanish focus on grabbing more wealth in Aztec, Maya, and Incan civilizations. In this way, the legacy of extractive institutions in Chile were not as serious as most other Latin American nations. Chile was able to diminish the influence of colonial build extractive institutions because of its relatively lighter
Chile and Argentina were more fortunate in this process, they had few indigenous people which Spanish saw as almost free labor force, their mineral riches were “neglected” while Spanish focus on grabbing more wealth in Aztec, Maya, and Incan civilizations. In this way, the legacy of extractive institutions in Chile were not as serious as most other Latin American nations. Chile was able to diminish the influence of colonial build extractive institutions because of its relatively lighter