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Investment Criteria, Productivity, and Economic Development

Quarterly Journal of Economics 1955 69(3), 343
I. A suggested criterion for investment allocation, 343. — II. The case for high labor productivity in underdeveloped areas, 353; the level of labor productivity in underdeveloped areas, 353; labor productivity and capital allocation, 355; population growth and development, 363; some obstacles to high labor productivity in backward areas, 367. — III. Conclusion, 369.