Very much so. The industrial revolution reached different parts of the world at different times and for example in my country the guilds were not abolished and a, kind of, free market and excercise of trade, until in 1864.
Not to mention that I am a little attracted to the idea that you could devise a system as opposed to take on a whole package at once.
This is a good idea, non-westernised nations would probably benefit from a separate economic system from the westernised nations, even through they both operate in the global market.
In a similar vein, I'd back other industrial buildings aside from factories, such as workshops and plantations, which can be built by both westernised and non-westernised nations, which would give the latter more to do with their economy pre-westernisation rather then just waiting for economic advancements from the westernisation process.
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