Must-Read: Kevin O’Rourke and Jeffrey Williamson: The spread of modern manufacturing to the poor periphery http://voxeu.org/article/spread-modern-manufacturing-poor-periphery: “Factor endowments: had a profound impact… …Labour-abundant and resource-scarce countries could enter at the bottom of the ladder, producing and exporting labour-intensive products (e.g. East Asia). Labour-scarce and high-wage periphery countries could not exploit that strategy, and thus relied … Continue reading Must-Read: Kevin O’Rourke and Jeffrey Williamson: The spread of modern manufacturing to the poor periphery