Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution
Перемена судьбы: география и институты в формировании современного распределения доходов в мире
2001-09-01
SCID: 54.1/wg4hu8ry
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European colonialismeconomic developmentindustrializationinstitutionsreversal of fortune
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Key Findings
1
Among European-colonized countries, societies relatively rich in 1500 became relatively poor compared with initially poorer societies.
2
European colonialism generated an institutional reversal by introducing investment-supporting institutions more often in previously poor regions.
3
The income reversal occurred mainly during the late eighteenth and early nineteenth centuries, as societies with favorable institutions industrialized.
4
The reversal challenges explanations attributing long-run economic development primarily to geographic factors.
5
Urbanization patterns and population density provide evidence for this historical reversal in relative prosperity.
Research Object
European-colonized societies and their relative economic development from 1500 to the modern era
Research Subject
The reversal of relative income and its institutional causes, particularly the impact of European colonialism and investment-promoting institutions
Publication Details
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2001-09-01
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