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In this paper we provide empirical evidence of a strong relationship between the geographical approach of Diamond (1997) and the institutional approach of Acemoglu, Johnson et Robinson (2002) to explain gaps in economic performance worldwide since 11,000 BC until today. While the biogeographical endowments of Diamond are suitable to explain development paths until 1500 AD, the reversal of fortune of Acemoglu et al. (2002) is able to explain gaps in economic performance since 1500 AD. Those results display the positive impact of institutional framework on economic development, and focus on the complementary of two different fields of literature on long-run development.