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He looked Italian industrialisation, where as a moderately backwards country he expected to find banks playing a central role in the process, he did indeed find banks playing a central process in Italy’s industrialisation.This method of industrialisation was imported from Germany where it had already proved successful.Ističući važnost uloga koje su država i ideologija imale u procesu ubrzane industrijalizacije, on je istovremeno ukazao i na niz ograničenja koje su one postavljale u kasnijoj stabilizaciji ekonomskog razvoja.
 Gerschenkron’s work is an attempt to explain the deviations from England’s method of industrialisation.
It uses the degree of backwardness as an organising concept.
more Summary Starting from the recent debates on the need of reindustrialization of post-socialist countries, the author in this paper presented and analyzed „theory of relative backwardness” that was formulated during sixties by Russian-born Harvard professor Alexander Gerschenkron.
Studying the economic history of countries that differ in their degree of economic (under)development, Gerschenkron showed that the industrialization of „backward” countries wasn’t performed in terms of the English „industrial revolution” pattern.
Although not a discrete scale, the effects of number 5 can be seen in qualitative differences in industrialisation.
 In moderately backwards countries Factories were directed with banks towards capital and entrepreneurial guidance; in very backwards countries they were directed by banks and the state.
Relativna zaostalost različitih evropskih zemalja u odnosu na Englesku podsticala ih je na traganje za "kreativnim supstitucijama" neophodnih pretpostavki uspešnog industrijskog razvoja.
Analizirajući ruski i sovjetski privredni razvoj, Geršenkron je formulisao tezu o „prednostima zaostalosti“ koja se razlikuje od one koju nalazimo u ruskoj socijalnoj i političkoj misli.
 The degree of backwardness may not be the defining characteristic of how a country will industrialise, but it remains a very useful conceptual tool.
Summary Starting from the recent debates on the need of reindustrialization of post-socialist countries, the author in this paper presented and analyzed „theory of relative backwardness” that was formulated during sixties by Russian-born...