ABSTRACT
(p. 241) Industrial policy has as its goal the industrialization of the country. There is only one road to this goal, namely the establishment of an equipment industry, from which all other industries branch. There is no way the country can be industrialized except through giving heavy industrialization priority over everything else and establishing no new factories except with equipment manufactured in the country. It is worthless to contend that the establishment of equipment industries requires a long time and that it is therefore necessary to begin with manufacturing the products which fulfil basic needs. Such a contention may be a plot aimed at hindering the manufacture of equipment and diverting the country towards consumer industries, so that it remains a market for European, US and Russian factories.
