Modernization means nothing unless we come out of our shell and that is precisely what the Chinese seem to be doing. Incidentally, the industrial growth rate in China was nearly twice ours throughout the seventies. (192)
Important Points to Remember about this Essay:
1. Modernization does not mean only importing plants and know-how.
2. It includes do-how too.
3. Chinese purchase plants cheaply abroad and run them in their own country.
4. They spend a lot every year for a little inconvenience.
5. Thus they have increased their growth rate which was double ours in seventies.
6. Modernization means coming out of our shell.
7. We can also try the Chinese experiment.