The Role of Institutions

When did this reversal happen around 1820 there is a

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Unformatted text preview: network can be urbanized Haiti: Urbanization is highly correlated with income per capita today and in the past We can construct data on urbanization in the past Look at whether countries that were rich continue to be rich Geography and culture hypothesis would suggest some sort of consistence Graph shows: urbanization is correlated with development Result: differences in wealth showed very few fluctuations until about 1500 From 1000 BC to 1500 AD, persistence is the usual state of the world After initial spread of agriculture, remarkable persistence in urbanization and population density Countries that are relatively rich at an initial point in time tend to remain relatively rich But there has been a reversal of fortune since 1500:...
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