The Backward Society

able Adam Smith advanced countries advantages agricultural Asia backward coun backward countries today backward nations backward societies basis become benefits boom bureaucracy capacity capital equipment capital investment cent Chapter consumer cost cotton country's course crops depends discussed diversification division division of labor dollars drive for development duction earn economic development economic progress effect efficient employment enterprise established example expenditures exploitation export industries export trade extent factory farm foreign exchange foreign trade improvement income increase India kind labor lack land Latin America less limited machinery Malthus manufacture means ment middle class million mineral modern natural bounty exports nomic operation opportunity opportunity cost organization peasant pesos political poor population possible problem production profit rate of exchange reason recombination result routine savings situation social substantial sumer supply tion United ward countries wealth worth