Late industrialisation
Alice Amsden, building on the insights of Alexander Gerschenkron, identifies Late Industrialization as a particular form of industrialization the study of which is useful for those interested in study of the prospects for material progress in developing countries. Amsden notes that, while the first industrial revolution in the UK towards the end of the eighteenth century and the second industrial revolution 100 years later in Germany and the US both involved new products and processes, countries that did not start industrialization until the 20th century tended to generate neither new products nor processes.