Abstract
It is generally acknowledged that industrialisation is the major path to the economic development of the underdeveloped regions of the world. However, in spite of strenuous efforts to foster the growth of manufacturing industry in a wide range of developing countries over the postwar period, very few of these countries have so far been able to develop a substantial and diversified industrial base. The majority of developing countries remain heavily dependent on exports of primary commodities to the markets of developed countries for their supplies of manufactured goods.
Acknowledgements are due to R. Hellberg, P.B.W. Rayment, G.P. Sampson and A.J. Yeats for helpful comments on an earlier draft.
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© 1983 Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) (The Vienna Institute for Comparative Economic Studies)
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Maizels, A. (1983). The Industrialisation of the Developing Countries. In: Frowen, S.F. (eds) Controlling Industrial Economies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06340-6_2
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DOI: https://doi.org/10.1007/978-1-349-06340-6_2
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