Home market development and self-finance as basic elements of development policy

At the close of the Second Development Decade, 1971–1980, the Third World was able to record significant achievements in industrialization and external trade. But the army of jobless has swollen further; the urban slums have grown larger; and famine has claimed more, not fewer victims. The current development trends make it imperative to keep the masses on the land and to prevent a grave situation growing even worse. Jobs have to be created in the countryside; those who till the land must ensure supplies for themselves and the population at large. This article shows how these objectives can be approached.