ABSTRACT

At the same time the economic progress of the agrarian countries will expand in the most natural and sensible manner. Their prosperity will grow as they sell their raw materials and agricultural products to industrial countries while they can buy the manufactured products, the tools, and the most efficient machines that they require. Their increased wealth and their contacts with industrial countries will enable them to improve their political and social institutions. The time will come when these agrarian states will themselves become manufacturing countries. Moreover the surplus capital and workers in the industrial states will inevitably move to agrarian countries when they are ripe for industrial development.