William Maloney, Felipe Valencia Caicedo, 14 June 2016

The persistence of economic fortune over the long run has been the subject of intense research. This column investigates the persistence of patterns of economic activity in the Americas at the sub-national level over the last half millennium. The location of today’s prosperous cities and regions within each country is closely correlated with the location of indigenous population centres before the arrival of Christopher Columbus in 1492. Policymakers seeking to make radical changes in the spatial distribution of economic activity should be mindful of the centuries-old, even pre-colonial, forces working against them.

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