What is a reversal of fortune

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Reference no: EM132177211

When we consider the evolution of income in the very long run, we may have to go back hundreds of years. In doing so, researchers have noted a pattern of reversal in the fortunes of formerly colonized countries at a very specific point in time.

a) What is a 'reversal of fortune'? Explain briefly.

b) At what specific point in time does it happen?

c) What may be the cause(s) of this reversal?

d) Why is the rate of mortality of European settlers a better IV than the initial population density of former colonies?

Reference no: EM132177211

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