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One theory as to why China never underwent industrial revolution in the 1700s was the high efficiency of manual labour, which got them stuck in a local maximum.
by papersmith 17y ago
One theory as to why China never underwent industrial revolution in the 1700s was the high efficiency of manual labour, which got them stuck in a local maximum.
http://en.wikipedia.org/wiki/High_level_equilibrium_trap http://en.wikipedia.org/wiki/High_level_equilibrium_trap