: No country has reached high-income status without a sustained period of industrialization.
The primary takeaway from Erik Reinert’s influential book How Rich Countries Got Rich and Why Poor Countries Stay Poor is that wealthy nations achieved their status through , rather than the free-trade policies they often advocate for developing nations today . 🏗️ Key Arguments for Development How Rich Countries Got Rich and Why Poor Countr...
are often trapped in raw material exports (agriculture, mining) characterized by diminishing returns . : No country has reached high-income status without