How Rich Countries Got Rich And Why Poor Countr... -

focus on manufacturing and high-tech sectors with increasing returns (where more production lowers costs and boosts learning).

: No country has reached high-income status without a sustained period of industrialization. How Rich Countries Got Rich and Why Poor Countr...

: Rich countries used tariffs and subsidies to build their industries, then promoted free trade once they were dominant. Increasing vs. Diminishing Returns : focus on manufacturing and high-tech sectors with increasing