ABSTRACT
In all the countries under study, industrial output grew rapidly from 1950 to 1965. Both the weighted and the unweighted averages rose by more than 8 per cent a year, and in every case industry was the most rapidly expanding sector of the economy. It would not be true to say that industry was always the ‘leading sector’. In Ceylon, Ghana, and Thailand, industrial output is still much smaller than that of agriculture and contributed less to the growth of total output. But, everywhere else, industry contributed more than farming. The biggest gains were registered by Israel, Spain, Taiwan and Yugoslavia where industry grew by more than 10 per cent a year.
