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.
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