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The Gerschenkron Model, developed by economic historian Alexander Gerschenkron, is a theoretical framework used to understand the process of industrialization in late-developing countries. Applied to the context of Japan’s modern history between 1868 and 1945, this model helps explain the unique path Japan took toward modernization, differing from early industrializers like Britain. According to the Gerschenkron Model, latecomers to industrialization face different structural challenges but also possess certain advantages. These include stronger state intervention, use ___ __________ ___ ____ ___ ______ _________.
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