This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor …

This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor …

of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …