Up until the 16th Century, Europe lived in the shadow of the Middle East, which was the World leader in science, tech, arts, culture, economy, etc. (Moorish Spain used to be the only European country with any institutions of higher learning)
There are two schools of thought on what lead to their decline. One was that on a quest to perfect knowledge to their satisfaction, they did, which lead to ossification of it, and so stagnation set in.
The other was that the Silk Road dried up as the Portugese and then the Spanish and so forth realized that Africa extended farther south than its northern shore that they had been familiar with, and that lead to trade unltimately extending to the Far East then later west. That and the secret of silk getting out caused the need for the overland trade route through Central Asia to weaken then collapse. Deprived of its source of fortune, the 'Islamic' (it wasn't all Muslim) World declined.
Meanwhile new areas for trade and plunder allowed for the ascendancy of Portugal, Spain, France, Britain, etc, obviously linked to the trade of goods acquired abroad (European countries without colonies remained as poor as ever).
Likewise the coinciding of the cessastion of colonization and the descendancy of these same countries is not accidental, collapsing just like Middle Eastern countries did before them.
As with Islam, a downturn in economic activity in Christian countries (largely dependent on outright theft) has turn advancement stale.
Currently it is Asia that is rising, and Africa as a whole has the world's fastest growing middle class.
You really haven't noticed this?