“This cuts across some or the familiar arguments for and against the colonial economic pattern. It will be seen that the critics were not on strong ground when they blamed the col onial governments for encouraging foreign investment only in primary production without attracting a part of it to domestic manufacturing industry. The governments had really very little choice in the matter. In anv case, the size of the domestic marketsfor manufactured goods in the underdeveloped countries was generallyloo small _to attract private foreign capital illtO domestic manufacturing industry. But the advantages which thc_peopleof the colonial countries obtained from the great financial centres in thgjpetropolitan countries should not be exaggerated. Directly, in their role as peasants, small traders, handicraft producers, they obtained little or no benefit ftemjtj Only indirectly, mainly through government investment in transport and communications and other public work, could they sp.unt their benefits.
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