, raising average wages significantly, which in turn facilitated industrialization. We analyze the rise of this first socio …

economy are likely to be misleading …

trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently …, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de-industrialization … divergence between core and periphery. Third, the boom and its de-industrialization impact was only part of the story; growth …

, and the transition to skill-biased technological change. The simulated model tracks British industrialization in the 18th …

security. We describe a model economy in which demographics, technology, and social security are linked together. We study an … economy with two locations (sectors), the farm (agricultural) and the city (industrial). The decision to migrate from rural to …. Furthermore, the level of social security is determined by majority voting. We show that a calibrated version of this economy is …

provided. We test both hypotheses using calibrated general equilibrium models of the British economy and the rest of the world …

Japan's successful industrialization in the late 19th and early 20th century largely exhausted its then abundant … resources curse that undermined its prior state-led industrialization strategy. Japan's post-WWII reconstruction relied little … industrialization …