Globalization

[calbert at tiac.net]

Jane:

> Another point, there are advantages to "backwardness" and
> "catch up." One advantage is the so called leap frog. A
> mature economy like the US may can develop the latest
> technology, for infrastructure, bridges, power plants, but
> it's too expensive to replace the old, but a Nation that
> doesn't have the old plant or sewage system, or
> transportation system, can leap over the "industrial
> revolutions" and take advantage of the latest and best, 

an excellent illustration would be pre-revolutionary Russia. At the 
start of WW1, it had by far the most modern industrial infrastructure 
in Europe, thanks to the aggressive capitalization programs of 
Ministers like Sergei Witte. Sadly, their considerable competitive 
advantage evaporated over the next 5 years.......

But for that fact, the revolution may have turned out 
differently......but I doubt it......


love,
cfa
>