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Alexander Gerschenkron and Late Industrialization

Thu, November 21, 2:00 to 3:45pm EST (2:00 to 3:45pm EST), Boston Marriott Copley Place, Floor: 3rd Floor, Harvard

Abstract

New data collection efforts in the past decade have shed new light on Alexander Gerschenkron’s theory of “relative backwardness.” In this paper, I provide a formulation of Gerschenkron’s theory in the form of testable and untestable hypotheses. Then, I take stock of recent studies investigating financial dependence, state intervention, industrialization, and economic growth in countries that industrialized relatively late.

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