A HISTORICAL PATTERN OF ECONOMIC GROWTH IN DEVELOPING COUNTRIES

1962/08/01 by Kaname Akamatsu · 4 citations
Computer Science · Economics, Econometrics and Finance · #Economic Growth and Development #Economic Growth and Productivity #Global Financial Crisis and Policies

paper · pdf · doi:10.1111/j.1746-1049.1962.tb01020.x

openalex publication_date 1962/08/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/27

Abstract

T is impossible to study the economic growth of the developing coun-I tries in modern times without considering the mutual interactions between these economies and those of the advanced countries. When Western European Capitalism began to expand its production and trade on a world-wide scale, it awakened the less-developed areas of the world to modern economic development. This article will take up the Asian afea, including Japan, as object of examination. Economic growth in the Asian area was brought about by the eastward advance of Western European capitalism. In this intermingling of Western European and Asian economies the following historical stages can be observed.

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