particular? Britain placed half of her annual savings abroad during those seven years, and 76 percent of it went to the New World … countries of Canada, Australia, the USA, Argentina and the rest of Latin America. The resource abundant New World was endowed … high fertility. This served to create much higher child dependency burdens in the New World than in the Old. Econometric …

. Indeed, about two-thirds of it went to the labor-scarce New World where only a tenth of the world's population lived, and … only about a quarter of it went to labor-abundant Asia and Africa where almost two-thirds of the world's population lived …