ABSTRACT
This observation is used as the basis for the argument that economic growth of the developing countries can best be expedited by concentrating on the development of industry around urban areas.1 This has, in fact, been the course pursued by many Muslim countries over the past two decades. Muslim countries like Pakistan, Turkey and Indonesia, eager to gain a certain amount of economic freedom and self-sufficiency, have aimed at rapid industrial growth by investing in heavy capital goods industries. However, the results have not been very encouraging.
