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Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 18, No 1 (1976), Pagination: 82-87
Abstract
A kind of misconceived debate has been going on in developing countries of the world as to whether economic growth can be achieved through capital-intensive or labour-intensive techniques of production or with an appropriate mixture of both. It is, however, not fully appreciated that more than making a choice for technology, there are certain bitter pills that have to be swallowed first.