The “advantage of backwardness”, say latecomers, should catch up fast.
But EU hopefuls aren’t. Why?
🧠 Institutions play a bigger role than expected.
📍 Must-read for scholars of European integration, policy & development.
🔗 bit.ly/3FtBogV
@rsachiefexec.bsky.social @rsa-regions.bsky.social
bit.ly
Institutions and Convergence: Why Have EU Candidates Lagged Behind? - RSA Main
The “advantage of backwardness”—the notion that low-income countries can grow faster by borrowing and adapting existing technology—has long been central to the theory of economic convergence. However,...
