This paper interprets Laughlin Currie's thesis in the fields of economic development and macroeconomics from the conventional supply and demand macroeconomic model approach. According to this interpretation; Currie's thesis can be encompassed in this model but they cannot be limited to textbook...

Third World industrialization and development have been a focus of attention for economic analysis. In relation to these topics two approaches have been predominant. To some analysts, underdevelopment was a result of backwardness; to others, it was a historical product of industrialization and...