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By Samir Amin

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Local savings 4. 1. 2. 5 production requires greater investments than production for popu­ lar needs); and (c) there is no concealed supplementary value transfer on the primary product exports which pay for vital foreignbuilt intermediary consumption and capital goods (peripheral capitalist modernization is predicated on these imports). 4 percent versus 2 percent per annum). It therefore seems safe to conclude that growth in the peripheral capitalist model is structured by the external demand for indigenous products, which must be exported to pay for vitally needed im­ ports, and local luxury goods consumption.

More practical than theoretical) of workers to refuse the positions offered them. Whereas official Soviet employment statistics may look more impressive, it is important to keep in mind that Chinese workers enjoy a kind of liberty unknown to their counterparts in the USSR. But the return of young graduates who were earlier settled in the countryside in effect has created some­ thing of an urban unemployment problem. The sectoral distribu­ tion of nonagricultural labor power is given in Table 18.

The rate of growth in industrial productivity (an index of 353 in twenty-three years, or 6 percent per annum) is much higher than the 3 percent minimum that we assumed in our model. Since China’s industrial infrastructure has now been consolidated, how­ ever, labor productivity in this sector will henceforth probably average the 3 percent per annum that we anticipated. 5. According to A. R. 4 percent per annum during the same years. World Bank estimates are of the same order: grain output is said to have grown from 161 m illion tons in 1952 to 305 million in 1978.

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