His dream of transforming the backward agricultural country into an industrially advanced nation was picked up in West Bengal by Dr. B.C. Roy.

The Group of Twelve is a group of industrially advanced countries whose central banks co-operate to regulate international finance.

As indicated above, banks and financial institutions in most LDCs have not reached the same stage of development as those in the industrially advanced countries.

That tension is at work in America, Western Europe and Japan, as well as in the Balkans, although up to now the industrially advanced nations have kept it in reasonable balance.

Reliance on staples made Canada economically dependent on more industrially advanced countries and the "cyclonic" shifts from one staple to another caused frequent disruptions in the country's economic life.

The small domestic market and competition from more industrially advanced countries in the region have inhibited more complex industrialization.

It is important to note, though, that only a small number of industrially advanced countries may be able to gain economically in this manner.

Likewise, the Soviet Union, producing dated technology that was difficult to market in more industrially advanced countries and acquiring a growing hard-currency debt, eagerly pursued the Chinese market.

If one planet is backward and the other advanced industrially the primitive one might be invaded successfully.

He pointed out that growing nationalism in the more industrially advanced colonies would necessitate a continuation of the arms race after the War, and that should this occur, economic stagnation would worsen.