Globalization is the phenomenon of improved integration of the world economy as evidenced by the growth of international trade. Modern colonization/re-colonization means capturing the territory via the utilization of capital and materials through the legal power without in fact showing a capture...

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...