ABSTRACT
The newly emerging countries of the post Second World War era, eager to shrug off the colonial past, took industrialisation as synonymous with development. From 1960, substantial industrialisation has taken place. According to the UNIDO (1985a: 5) estimates, developing countries’ share in world manufacturing value added (MVA) rose from just over 8 per cent in 1963 to just under 12 per cent in 1974. However, the degree of industrialisation has not been very even among developing countries, with the growth of manufacturing output being highly concentrated in a relatively small number of countries. UNIDO (1983: 34) estimates that over 70 per cent of the increase in MVA in developing countries during 1973–80 was contributed by only ten countries and Brazil, Mexico, South Korea and India contributed over 50 per cent.
