ABSTRACT
In almost every country, industry is the glamour sector of economic development. People look to industrial development to provide much needed employment, to generate higher individual and national income, to relieve balance of payments constraints through import substitution, to open up markets for primary products such as those from the mining and fishing sectors, to give the country greater economic independence, to generate new tax revenues, and to furnish an important source of national pride. 1 By and large, these hoped for benefits of industrialization are realistic —provided a country makes sensible choices.
