Abstract
This article attempts to develop a non-marginalist approach to the process of industrialisation, by combining Pasinetti's theory of Vertical Integration with Merhav's analysis of the structural causes of underdevelopment. This is then integrated with the structuralist/redistribution economics of Dutt to both dismantle the mainstream emphasis on factor proportions, static comparative cost doctrine, the need to maintain low wages to sustain price competitive (industrial) exports, and to develop a new paradigm of industrialisation.
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