Social Networks and Elite Entrepreneurship in Latin America: Evidence from the Industrialization of Antioquia
利用新发现的档案数据和意外死亡作为外生冲击，研究了19世纪末至20世纪初安蒂奥基亚精英的社会网络，发现全球联系而非本地联系推动了工业创业。
Elites were pivotal for Latin America’s modernization, yet granular evidence of their industrial entrepreneurship is limited. I study Antioquia, an early center of industrialization, from the late nineteenth to early twentieth centuries. Analyzing elite interactions via newfound archival data and exploiting unexpected deaths as exogenous shocks, I find global connectivity—not local—drove industrial entrepreneurship. This suggests diverse resources unavailable in markets but accessible through global connections were crucial in forming industrial ventures. Thus, this paper depicts how social capital shapes elite outcomes.