Growing Points

These considerations of external economies and of available market demand may be summarized by saying that investment should be directed to “growing points” in the economy. In the initial stages of economic development , it is highly useful to concentrate on certain focal points which seem to have the promise of more rapid growth . From these local areas, a chain reaction usually starts that gradually spreads chain to the remaining areas of the economy. Thus even an unbalanced process of initial economic growth has every possibility of ultimately merging into the broader requirement of balanced growth.