The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • M. Abdel-Fadil
Reference work entry


The age of colonialism began about 1500, following the European discoveries of a sea route around Africa’s southern coast (1488) and of America (1492). Colonialism thus expanded by conquest and settlement after a period of extensive exploration. The improvement in navigational instruments helped a great deal to make substantial progress in the discovery of new geographical territories.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • M. Abdel-Fadil
    • 1
  1. 1.