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We revisit the idea that colonized countries that were more (less) economically advanced in 1500 became poorer (richer, respectively) by the late 20th century. Using data on place of origin of today's country populations and the urbanization and population density measures used by Acemoglu et...
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Our purpose here is to describe and illustrate in the simplest possible way a multiple-phase theory of economic growth … organization. In the form outlined here (in terms of macroeconomic growth theory) it is convenient to think of the analysis as … at work in the world. Moreover, we can propose with some confidence an answer to the question posed in the title of this …
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