Alexander Gerschenkron's theory of economic development did NOT include the _______________.
A) production of capital
B) production of industrial goods
C) provision of physical infrastructure (such as railroads and electricity)
D) production of consumer goods improvements in agricultural output
E) collaboration of governments and private businesses to foment rapid industrialization

Question

Quizplus · Accepted Answer

Gerschenkron's theory of economic development emphasized the role of the state in promoting heavy industry, infrastructure, and the collaboration between government and private sector for industrialization, but did not specifically focus on the production of consumer goods or improvements in agricultural output as a primary component.

Alexander Gerschenkron's Theory of Economic Development Did NOT Include the _______________