This book is a seminal collection of essays that offers a profound analysis of the patterns of industrial development in Eastern and Southern Europe, as well as in Russia and Asia, challenging the traditional linear view of economic progress. The author introduces the concept of relative economic backwardness, arguing that the more backward an economy is at the outset of industrialization, the more likely certain institutional and governmental interventions will be necessary to overcome obstacles to development. The work emphasizes the role of banks, the state, and social attitudes in shaping the path of economic growth and highlights the diversity of industrialization processes, which can vary significantly from the experiences of early industrialized countries like Britain.

The 3266th greatest book of all time