Aspects of Industrialization

agricultural productivity already Aspects of Industrialisation attract build factories Cairo cent per annum consume Corporations craft crease customs union demand devaluation Development difference in productivity economy efficiency employ employment established export market export of manufactures export trade farmers favour finance fixed investment foreign capital foreign capitalists foreign firms foreign trade fuel handicraft heavy raw material home market hyper-inflation imported increase India indus industrial countries inflation Japan labour cost land large export lecture managerial manufacturing industry marginal productivity metal national income Nationalisation organisation output over-populated countries partnerships population possible primary products problem productivity of labour profits protection reinvested saving skill specialised standard of living subsidies taxes technical schools techniques tion trade in manufactures trade union transport cost trialisation ufacturing undeveloped countries unem union United UNIVERSITY OF CALIFORNIA usually wages weight losing WILLIAM ARTHUR LEWIS workers world trade