“…The second wave comprises the period and, in this phase, we witness the emergence, with varying fortunes, of the manufacturing of steam locomotives in Italy, Russia, Spain and Japan. 6 So far, the production of steam locomotives in Italy has been investigated by Merger in a series of contributions published during the 1980s (Merger, 1986(Merger, , 1989, and, more recently, by Ciccarelli and Fenoaltea (2012). The general framework adopted by Merger is that of a latecomer country that initially borrows advanced technologies from abroad and that, subsequently, tries to develop autonomous technological capabilities.…”