England also rids itself from serfdom; this makes its labor market more accessible. England is also blessed with a lot of coal a great advantage because coal played a significant role when it came to industrialization. We also know that population was growing in a faster rate, which helped the labor market grow. Coal was required for the technological advances of the time and having coal was a great advantage, and Britain had plenty of it. It is not known which factor is the one that caused Britain to industrialize, it could have been any one of these factors, but one thing is known that Britain is associated with the notion of being the first nation to industrialize. .
The early-industrialized countries quickly catch up. We see that a few factors affect these countries. Cameron shows that all the early-industrialized countries had a few things in common, and they are as follows: .
1. Each country had a sufficient amount of coal. .
2. Each country incorporated the technologies of the time. .
3. High literacy rates among these countries. .
4. Engaged in trade with other countries. .
5. Rid them-selves of serfdom. .
6. Established property rights. .
By taking the following steps these nations where able to catch up to Britain's standards and in some cases even surpass it. Cameron attributes political reasons to the reason as to why latecomers and no-shows did not industrialize the same time England did, as well as natural resource issues, which these countries lacked. .
The Latecomers and no-shows have had a difficult time in industrialization because of various factors. First of all most of these countries lacked natural resources and most importantly coal. Secondly literacy rates in these countries were low. These countries also went through many political difficulties, which were a barrier to their progress as industrialized nations. .
These countries where consistent with Gerschenkron aspects in several ways, Gerschenkron claims that the later a country industrializes the more capital intensive it becomes.