ABSTRACT
The creation of a practical industrial-development program should start with an understanding of the prerequisites for industrial growth, and, by defining the functions which make up an organized effort, to force the pace of industrial growth. The concept of active industrial development is rooted in the conviction that there is much that a country can do to remove barriers to the growth of industry, and to create positive incentives for the development of industrial technology. A program to speed up the industrial development of a country consists of several different but related functions. A country may have development agencies performing one or more of these functions, but the program as a whole may not be successful because some of the important tasks are not being undertaken. Developing contact with the financial institutions is a part of the work of investment promotion officers resident in the capital exporting countries.
