“Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.” CountryEternalCapitalismWesternWideDependentThrownInternalsGoodsTreatiesColonization Author:Paul A. Baran
“The principal impact of foreign enterprise on the development of the underdeveloped countries lies in hardening and strengthening the sway of merchant capitalism, in slowing down and indeed preventing its transformation into industrial capitalism.” CountryLyingDevelopmentCapitalismTransformationDown AndImpactEnterprisePrincipalSlow DownMerchantsPreventingStrengtheningSlowingUnderdeveloped Countries Book:Political Econ of Growth Source: Political Econ of Growth
