Answer: The influence of the dominant religion of these regions.
Max Weber was a German philosopher, sociologist and political economist. One of his most famous works is "The Protestant Ethic and the Spirit of Capitalism." In this book, Weber argues that the Protestant ethic of Northern Europe (in particular Calvinism) motivated actions such as valuing hard work, developing enterprises, accumulating and investing wealth and engaging in trade. He concludes that this Protestant ethic was responsible for the emergence of modern capitalism.
