Answer to Question #135986 in Microeconomics for Mukul Kumar

Question

does bringing the Industrial Revolution to a country require adopting the prerequisites for it that only an "entrepreneurial" state—a government committed to pro-grow policies—can provide? If I had to summarize the most common explanations of what Rosling presents in his video I would pick these three hypotheses. Do you see any patterns in the data Rosling presents that might support/refute one of these three hypotheses? What do you think?

Answer 1

First question: Yes. The main driving force for industrial revolution is entrepreneurship as it attracts investment. Existing policies from successful countries have the benefit of having been proven to work; thus, the development trajectory of any country that chooses to adopt them is almost sure to be upward.

Second and third questions: Hans Rosling's data shows some negative effects of accelerated industrialization and globalization on the lower class locales. As advanced states or parties are able to benefit from new developments, they are at a disadvantageous position as they are economically unable to support their own growth. I cannot state whether or not it refutes your hypotheses as they were not included.