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Advantages of backwardness

Advantages of backwardness. The advantages of backwardness stem from the “backlog of technological innovation…that the backward country could take over from the more advanced country.” These “advantages of backwardness” given the later industrializer the opportunity to develop faster. .

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Advantages of backwardness

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  1. Advantages of backwardness • The advantages of backwardness stem from the “backlog of technological innovation…that the backward country could take over from the more advanced country.” • These “advantages of backwardness” given the later industrializer the opportunity to develop faster.

  2. For Gerschenkron, many aspects of development vary systematically with timing • Global frontier • How advanced is the international environment? • Speed • How fast can countries adopt existing technology? • Scale • How much money is invested in new industries? • Institution • What kind of organization amasses investment capital? • Ideology • What ideas/beliefs justify the roles for institutions?

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