
Mario Cimoli (ed.)
et al.
Published online:
01 February 2010
Published in print:
24 October 2009
Online ISBN:
9780191715617
Print ISBN:
9780199235261
Contents
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Emulation and ‘management by gut feeling’ Emulation and ‘management by gut feeling’
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Renaissance: the birth of the politics and economics of emulation and economic growth Renaissance: the birth of the politics and economics of emulation and economic growth
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Novelty, Diversity, Scale, Synergy: bringing non‐Ricardian elements back in Novelty, Diversity, Scale, Synergy: bringing non‐Ricardian elements back in
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Diversity: economies as hierarchies Diversity: economies as hierarchies
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Novelty and scale: accounting for qualitative change Novelty and scale: accounting for qualitative change
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Diversity and synergy: Heinrich von Thünen's stages simultaneously spread across geography Diversity and synergy: Heinrich von Thünen's stages simultaneously spread across geography
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Novelty and scale: understanding capitalism and the absence of economic development Novelty and scale: understanding capitalism and the absence of economic development
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Werner Sombart's definition of colonies not being part of capitalism Werner Sombart's definition of colonies not being part of capitalism
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The Marshall Plan (1947) as the last successful project of emulation The Marshall Plan (1947) as the last successful project of emulation
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Conclusion: industrial policy and poverty Conclusion: industrial policy and poverty
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Notes Notes
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References References
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Chapter
4 4 Emulation versus Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy
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Pages
79–106
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Published:October 2009
Cite
Reinert, Erik S., '4 Emulation versus Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy', in Mario Cimoli, Giovanni Dosi, and Joseph E. Stiglitz (eds), Industrial Policy and Development: The Political Economy of Capabilities Accumulation, Initiative for Policy Dialogue (Oxford , 2009; online edn, Oxford Academic, 1 Feb. 2010), https://doi.org/10.1093/acprof:oso/9780199235261.003.0004, accessed 4 May 2025.
Abstract
This chapter outlines a broad historical interpretation of industrial policies in modern history, focusing on technological learning, synergies, and increasing returns. Throughout all experiences of catching up, successful strategies always involved a principle of emulation involving explicit measures explicitly aimed to acquire knowledge in increasing returns activities. Only later, after the success of industrialization, countries can effort forms of market governance relying on the principle of comparative advantage as they emerge from the dynamics of international specialization and trade.
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