Poli Sci 111 - 6 - Economic Backwardness Key features: the...

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Poli Sci 111 - 6 19:30 Economic Development Explaining Economic Development In Different Cases Standard Model (England) X+Y=Z Can this model be applied to all countries? Some say yes “later developers only differ in terms of natural resources” Gerschenkron Timing Matters Both the variables of economic development and their interaction change over time “… in several very important respects, the development of a backward country may, by  the very virtue of its backwardness, tend to differ fundamentally from that of an  advanced country” – p. 7.  Historical Stages Early Developers: England and France Middle Developers: Germany, U.S., Russia Late Developers: Part II Middle Developers: (X2 + Y2)^2 = Z2
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Unformatted text preview: Economic Backwardness Key features: the persistence of serfdom and the lack of political unification the tension between the actual state of economic activity in a country and the existing obstacles to economic development, on the one hand, and the great promise inherent in such a development, on the other. P. 8 Serfdom Scarcity of labor Need to cut the umbilical cord, factory workers vs. peasants Results in Compressed Time Frame Lack of Political Unification Shortage of Capital absolute and relative shortage No previous capital accumulation and the cost of production increase Private vs. state directed growth 19:30 19:30...
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This document was uploaded on 10/31/2011 for the course POLI SCI 111 at UMass (Amherst).

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Poli Sci 111 - 6 - Economic Backwardness Key features: the...

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