Conclusions

Abstract

In a study that deserves to be much more widely discussed than it has been so far, Kazushi Ohkawa (1993) advances the hypothesis that ‘the varied growth performances of developing economies’ are to be explained primarily by each nation’s social capability to absorb knowledge which will permit the capital formation necessary to raise production capacity. Without ignoring the traditional sectors completely, Ohkawa emphasizes the need for stressing the modern manufacturing sectors. However, Ohkawa also limits his study to considering only the so-called imitative processes of technological change. Even this restricted scope allows him to consider the importance of technology (albeit borrowed technology) in the growth process.