Acemoglu, Daron; Johnson, Simon H.; Robinson, James A. - Sloan School of Management, Massachusetts Institute of … - 2003
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, thus enabling new merchants in these countries to benefit from Atlantic trade. Therefore, the Rise of Europe was largely …
