The Asian and Western Paths of Development

Kaoru Sugihara (2013) argues that industrialisation can be viewed as two distinctive paths – the Western Path and the Asian Path. The Western Path is that seen in European industrialisation, while the Asian Path is that identified for East Asian industrialisers (specifically Japan). This essay will be contrasting the paths in terms of the historical […]

Gershenkron and the Positives of Backwardness

Alexander Gershenkron (1904-1978) argued that backwardness could have a relatively positive economic role in late industrialising nations.[1] Backwardness, in Gershenkron’s sense of the word, is a state in which a country’s industry is behind that of other nations. He argued that this would lead to a number of conditions occurring during industrialisation: institutions would change […]