ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Economic Development and the Market System

Isolated pockets of industrial excellence-by way of enclaves of 'efficient' foreign producers-do not make for either broad-based industrial growth or for overall improvement of efficiency and productivity. The market system has signally failed to propel such broad-based industrial growth in any developing country.

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