Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.

Reveals how global trade shaped early modern economic, social and political development, and inaugurated the first era of globalization.

NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of

The second edition of this landmark book explores how natural resources contribute to development in poor economies.

This revised and updated third edition contains a wealth of new material that draws on new research in this area.