Abstract
If one man starts a new idea, it is taken up by others and combined with suggestions of their own; and thus it becomes the source of further new ideas. And presently subsidiary trades grow up in the neighbourhood, supplying it with implements and materials (Marshall, 1920, p. 225).
This paper was originally written for a World Institute for Development Economic Research (WIDER) project. We are grateful to WIDER for permission to publish it here. We have greatly benefited from comments on earlier versions of this paper from Paul Anand, G. K. Helleiner and participants at the WIDER meeting on ‘New Trade Theories and Industrialisation in Developing Countries’ (August 1988). The paper appeared in World Development 1991.
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© 1992 Frances Stewart
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Ghani, E. (1992). How Significant are Externalities for Development?. In: North-South and South-South. Palgrave Macmillan, London. https://doi.org/10.1057/9780230375949_6
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DOI: https://doi.org/10.1057/9780230375949_6
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