ABSTRACT
The mature industrialized countries still account for the largest portion of the world's production, but the industrializing countries are rapidly increasing their share. In 1965, industrializing countries accounted for 14.5 per cent of the market economies' production; by 1985, their share had increased to 18.1 per cent. During the 1965–85 period production grew in the industrializing countries at almost twice the rate of the mature industrialized countries (7.2 vs. 3.8 per cent) (World Bank 1987).
