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Macro cross-country data and micro US county data indicate that resource rich regions have small and productive manufacturing sectors and large and unproductive non-manufacturing sectors. We suggest a process of specialization to explain these facts. Windfall revenue induces labor to move from...
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"Asuncion, Bogota, Buenos Aires, Bukarest, Danzig, Hanoi, Kathmandu, Montevideo, Memphis, New York, Santiago de Chile, Seoul, Tiflis, Tirana, Ulaanbaatar, Zürich – das sind nur einige der Stationen auf der Weltreise von Rainer Zitelmann. Der Historiker und Soziologe hat in 20 Monaten 30...
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