ABSTRACT
Dynamic growth analysis, embracing the generation and absorption of new technologies, requires the sectors because it is in the sectors that the dynamism initially occurs, altering the marginal rates of return in substantial segments of the economy and, therefore, patterns of investment, the allocation of labor, and other structural and institutional characteristics of the economy. The upshot is the progressive diffusion, beyond the relatively few leading sectors of take-off, of modern attitudes and motivations as well as modern technologies. The drive to technological maturity is peculiarly relevant to the public-private sector balance because public authorities have proved everywhere clumsy and inefficient in trying to manage the production of the increasingly diversified manufactures which characterize the drive to technological maturity. Historically, completion of the drive to technological maturity has proven to be a dangerous age.
