TABLE 2. Gerschenkronian versus Post-Gerschenkronian Approaches to Late Development
DimensionGerschenkronianPost-Gerschenkronian
Focal time period18th and 19th centuries20th and 21st centuries
Focal countriesPeripheral Europe and JapanAsian NICs, Brazil, India, etc.
Principal development challengeCapital formationLearning and upgrading
Policy recommendationsLow-cost loansConditional subsidies
Key examplesChalmers Johnson, Ronald DoreAlice Amsden, Robert Wade