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East Asian industrialisation has shown that modern industry has occurred across different cultures under a variety of factor-endowment conditions. The global history of the diffusion of industrialisation over the past two centuries suggests two distinct routes. The first is the 'Western path'...
Persistent link: https://www.econbiz.de/10005324548
<b>The Second Industrial Revolution created markets for new products for Ghana, rubber and then cocoa beans. Mechanised transport spurred the spread of cocoa planting. The paper estimates the resultant shift in factor ratios, and synthesises the data for prices of land-use rights and wages as the...</b>
Persistent link: https://www.econbiz.de/10005324545