Paul A. Baran Quotes:
Ocupation: Economist
Life: August 25, 1909 - March 26, 1964
Birthday: August 25
Death: March 26
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.
source: Paul A. Baran (1968). “Political Econ of Growth”, p.194, NYU Press
topic: Country, Lying, Impact, Preventing, Underdeveloped Countries
