INTL DV 130 Lecture Notes - Marxism, Pessimism, Critical Role
13 Sep 2013
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Had a great deal of intellectual influence on the first generation of economists. First generation economists felt that development economics would be a recapitulation of marxist theory. Countries that industrialized first had a number of hugely important advantages and those that industrialized later had a huge number of important disadvantages. Disadvantages faced by countries that industrialized later: 1) technical and technological textile industry in developing world will not use foot-pedal sewing machines, meaning there is no incremental development of labor force. Apparel industry elementary technology over a period of time went through a total process of evolution where everything is automated and requires a great deal of capital investment. Automobile industry went through early evolution in small workshops that were relying on horse-drawn carriages, hence similarity in design. Don"t begin an automobile industry in the workshops that build horse-drawn carriages. Build them in their own workshops tailored to automobile manufacturing.
