In the words of the author: "The arguments of this article go counter to widely held notions. If they are shown to be wrong they will have to be reconsidered, but their unfashionable nature alone is no ground for doing so". We believe that this article could be the beginning of a discussion on...

At the close of the Second Development Decade, 1971-1980, the Third World was able to record significant achievements in industrialization and external trade. But the army of jobless has swollen further; the urban slums have grown larger; and famine has claimed more, not fewer victims. The...