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Surplus of Labour printed in 1954, posited that there was surplus labour in growing international locations, significantly in agriculture, and that the movement of labourers to greater productivity jobs in manufacturing might be an important and ongoing source of growth. China’s present economic growth expertise exemplifies this. The experiences of other countries also underscore that labour productivity in manufacturing is usually much larger than in agriculture. Movement from agriculture to industry is thus one of the few sources of speedy economic progress. Exports of manufactured goods can also be usually needed to supply markets for rapidly growing production. This export-oriented development has had a strong emphasis in neoliberal economic policy. According to dependency theory, the economies of colonized nations – the periphery – have been doomed to provide uncooked supplies for the colonizing centre, where items have been manufactured and prosperity grew. This meant that the economy on the periphery was characterized by low productivity, resulting in low savings, funding and growth and a vicious circle of underdevelopment. Because sources flew from periphery to centre, the latter enriched itself on the expense of the former. Post-World War II attempts in Latin American countries to develop domestic industry behind excessive tariff obstacles – so-known as ‘import-substitution insurance policies’ – mirrored this sort of thinking. These insurance policies tended to

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