The Resource Requirements of an Industrial Economy

Extract

The political events of the interval between the war and the im pending political changes have given new urgency to the critical analysis of the industrial ambitions of undeveloped regions. The older industrial regions face readjustments of substantial magnitude. Every feature of the world economy is distressingly unstable. Cultural and institutional factors will be of importance in determining the rapidity of change and the degree of efficiency achieved in the management of resources, but the direction of change and the magnitudes, of the changes will be conditioned by the basic resources of the various regions. Resource analysis can furnish a concrete background for the various policy problems of the older and newer centers of industrialization.