Sachs, Jeffrey D.; Yang, Xiaokai - Center for International Development, Kennedy School of … - 1999
industrialization will gradually spread until the whole world economy is integrated in a single network of trade and industrial linkages … countries into the Murphy-Shleifer-Vishny model of industrialization. It explores a general equilibrium mechanism that generates … and utilize the network effects of industrialization, though this function is not perfect. Hence, market led …