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).

According to Reinert's analysis on Network Ideas and Earthbound Report : 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

are often trapped in raw material exports (agriculture, mining) characterized by diminishing returns . mining) characterized by diminishing returns .