Advantage of Backwardness
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The American economist and sociologist Thorstein Veblen who developed the concept of the "advantage of backwardness" in his essay Imperial Germany and the Industrial Revolution, which was published in 1915.[1]
The backward advantage implies that a still-developing country can take advantage of the- ↑ "'The Fly Swatter' - The New York Times". The New York Times. Jul 14, 2002.
