ABSTRACT
Industrialisation, involving the transfer of the forms of technology and organisation associated with industrial production in the now-developed world, has seemed to offer to developing countries the key to prosperity and economic independence. And yet, in the experience of many Third World countries since World War II, the establishment of new industries producing new kinds of product has resulted in structural changes in their economies which have generated new, and perhaps greater, degrees of external dependence and internal inequality than had existed in their previous 'underdeveloped' states.
