Some Observations on the Efficiency of Industrialization

Marvin E. Rozen


Increasingly manifest, in recent discussions of economic
policy-making of less developed countries, has been a greater concern
for problems of industrial effi¬ciency [see, 1 ;2;3;4;5;6;10]. This
awakening interest is stirred by the realization that the process of
industrialization has all too often led to a high-cost industrial
structure, and a consequent inability to compete effectively in world
markets and against imports. Understandably, absorption of national
energies in the task of establishing an industrial structure has
frequently meant that consideration of its qualitative performance was
not given sufficient weight. Equally understandably, no one should
expect the creation, ab initio, of a smoothly functioning industrial

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