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Definition. Reversal of fortune refers to a significant shift in a character's circumstances, often from good to bad, which is a key element in tragedy. This dramatic turn can lead to the downfall of a protagonist, showcasing the fragility of human success and happiness.
Among countries colonized by European powers during the past 500 years, those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal weighs against a view that
Reversals of Fortune. Washington, DC: World Bank. doi: 10.1596/978-1-4648-1602-4. License: Creative Commons Attribution CC BY 3.0 IGO Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official
Definition. Reversal of fortune is a dramatic change in a character's circumstances, often from good to bad or vice versa. This concept is especially prevalent in comedy, where characters may experience a sudden shift in their luck or status, leading to humorous situations and resolutions.
Abstract . This paper reviews the methodology and theory supporting Acemoglu, Johnson and Robinson's (2001) famous “Reversal of Fortune” thesis. Their thesis provides a simple and . linear explanation to why some countries are rich today, while some are poor. It argues .
current reversal of economic fortune, what it means for the world’s poorest, how countries are taking action to address this crisis, and how to put poverty reduction and development back on track.
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demonstrate a Reversal of Fortune only for the four neo-Europes of Australia, Canada, New Zealand and the United States; at worst, we show no Reversal for other former colonies.
