We examine the extent to which financial market development impacts the diffusion of 16 major technologies, looking across 17 countries, from 1870 to 2000. We find that greater depth in financial markets leads to faster technology diffusion for more capital-intensive technologies, but only in...

Acknowledgements -- Introduction -- Globalization -- Case synopses and assignment questions -- Singapore's "mid-life crisis" -- China "unbalanced" -- Malaysia, people first? -- Malaysia (B), the economic transformation program -- Central Europe after the crash : between Europe and the euro --...