Modern economic development is accompanied by the structural transformation from an agrarian to an industrial economy. Since the 18th century, all countries that industrialized successfully have followed their comparative advantages and leveraged the latecomer advantage, including emerging market economies such as the People’s Republic of China (PRC), India, and Indonesia. The current view is that Chinese dominance in manufacturing hinders poor countries...
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INFORMATION
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2013/01/01
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Article de revue
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127015
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1
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1
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2018/06/11
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Disclosed
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Leading dragon phenomenon : new opportunities for catch-up in low-income countries
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comparative advantage