Industrialization of the “black economy”
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KeywordsManufacturing Sector Physical Capital Black Political Economy Black Economy Individual Industry
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- 1.Based on data from U. S. Bureau of the Census,Current Population Reports,Series P-60, No. 68, “Poverty in the United States: 1959 to 1968.” (Washington: U. S. Government Printing Office, 1969), Table 1.Google Scholar
- 2.“Over the past two years, the Federal Government has channeled $250 million or so into minority-controlled enterprises in the form of grants, direct loans, and Government-guaranteed bank loans. Most of these funds have gone to finance retailing and service business, however, not to increase the minorities’ miniscule share of. U. S. industrial production.” The Wall Street Journal,January 8, 1970, p. 1.Google Scholar
- 3.Annual Report of the Council of Economic Advisors.(U. S. Government Printing Office, Washington; 1970.), p. 212.Google Scholar
- 4.For a statement of this theorem, seeEli Hecksher, “The Effect of Foreign Trade on the Distribution of Income,” inReadings in the Theory of International Trade (Philadelphia:The Blakiston Co., 1949), pp.272–300.Google Scholar
- 5.For a defense of the classical model, seeJacob Viner, “The Economics of Development” inA.N. Agarwala andS.P. Singh eds.),The Economics of Underdevelopment (New York:Oxford University Press, 1964), pp.9–31.Google Scholar
- 6.Imports of Manufactures From Less Developed Countries,National Bureau of Economic Research, (New York:Columbia University Press,1968.)Google Scholar
- 7.See, for example,John C. H. Fei andGustav Ranis,Development of the Labor Surplus Economy: Theory and Policy. (Homewood:Yale University 1964), pp.136–143.Google Scholar
- 9.U. S. Bureau of the Census, Census of Manufactures, 1963. Volume II,Industry Statistics (Washington:U. S. Government Printing Office,1966).Google Scholar
- 10.U. S. Bureau of the Census, Census of Manufactures, 1967, General Statistics for Industry Groups and Industries, Preliminary Report (Washington:U. S. Government Printing Office, 1970.)Google Scholar
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