上游充通大￥ SHANGHAI JIAO TONG UNIVERSITY 1,Late Developers in History The more advanced the world economy,the greater the entry costs. Paying those costs requires greater collective mobilization,which in turn requires greater central coordination. Strong central institutions is useful if the late developers attempt to catch up with early industrializers.1, Late Developers in History The more advanced the world economy, the greater the entry costs. Paying those costs requires greater collective mobilization, which in turn requires greater central coordination. Strong central institutions is useful if the late developers attempt to catch up with "early" industrializers