Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show...

"New World Economies is a valuable addition to the body of literature about economic development in eighteenth-century North America, and a much-needed comparative study of the British and French colonies. Egnal presents a cogent explanation for why the staple export thesis has not adequately...