Asked by Karll
How did institutions diverge between China and the West? Reasons for it being the highest income p.c. pre 15th centruy and falling thereafter?
Answers
Answered by
economyst
A fascinating question.
Do a little research, then take a shot. What do you think.
Hint: Think trade and barriers to trade, who holds the wealth, and what does the wealthy person do with his wealth.
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