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Comments on: Product diversity and development http://www.tvhe.co.nz/2007/08/20/product-diversity-and-development/ The Visible Hand in Economics Mon, 20 Aug 2007 01:00:38 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2007/08/20/product-diversity-and-development/#comment-149 Mon, 20 Aug 2007 01:00:38 +0000 http://tvhe.wordpress.com/2007/08/20/product-diversity-and-development/#comment-149 I think Dani Rodrik made a similar point a little while back, one of the few things of his I agreed with 😉 .

I agree with you that there is definitely scope for infant industry type logic in developing countries. The inability of countries to move outside of a narrow set of production products is evidence that the transaction cost of involved with setting up in a new industry is large. I mean you have to train your labour, try to find sources for your inputs when many of them have no been used before etc etc.

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