ABSTRACT
Development theory in the 1950s and 1960s often implicitly defined development as an increase in Gross National Product, and assumed that the increase in wealth associated with industrialization would trickle down to the bulk of the population. Finally, the relationship between industrialization and the global economy is examined. Technicist approaches tend to regard the prospects for late industrialization as relatively unproblematic - if the correct policies are adopted, and market forces are given free rein, then appropriate industrial development will follow. A recognition of the constraints and opportunities is crucial for an understanding of industrialization strategies in the periphery since the Second World War.
