Abstract
There has been a marked change in recent years in the climate of ideas about industrialisation in developing economies and it is fortunately no longer necessary to argue in favour of industrialisation in opposition to another approach to economic development. Yet it is still necessary to continue to state the basic case, particularly since Africa is industrially the least developed of all the continents. The doctrine that industry is the key to economic development is of comparatively recent origin. Its antecedents are the writings of Professor G. Myrdal and Dr R. Prebisch and the practical achievements of the U.S.S.R. and Japan.
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