Advantage of Backwardness
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Full Title or Meme
The American economist and sociologist Thorstein Veblen developed the concept of the "advantage of backwardness" in his essay Imperial Germany and the Industrial Revolution, published in 1915.[1]
In Ancient Times
Cyprian Broodbank makes the case that [2]
In Modern Times
- Also known as; The backward advantage, which implies that a still-developing country can take advantage of their low wages to gain an advantage in manufacturing. This was the position of the Southern States in the United States after the Civil War.[3]
- Thorstein Veblen described Germany's advantage in moving from a feudal society to an industrial society has have a competitive advantage due to skipping the intermediate steps taken by England since Elizabeth I relaxed some strictures that enabled the growth of guilds and other structures that impeded England but were absent in Germany.[4]
References
- ↑ The New York Times, 'The Fly Swatter The New York Times. (2002-07-14) https://www.nytimes.com/2002/07/14/books/l-the-fly-swatter-870072.html
- ↑ Cyprian Broodbank, The Making of the Middle Sea Oxford University Pressb (2013-11-01) ISBN 978-0199999781
- ↑ Jefferson Cowie, Freedom'a Dominion
- ↑ Thorsetin Veblen Imperial Germany and The Industrial Revolution (1915) https://web.archive.org/web/20170922003505id_/http://socserv.mcmaster.ca/econ/ugcm/3ll3/veblen/ImperialGermany.pdf
