| Abstract: | A nation may easily have more than enough of any one commodity though she can never have more than enough of commodities in general: Faced with the possibility of a prolonged recession the introduction of innovations into manufacturing industry is essential. With the likelihood of a declining role for the already industrialized countries—while that of the developing countries will continue to grow as current technologies are still expanding there—an equilibrium will eventually be reached. New technologies must be found to provide the basis for a new growth in the economic cycle. |
