INDUSTRIAL POLICY 15 It is not yet too late to change the direction of our industrial and technology policy, on the basis of long term plan objectives, and long term international competitiveness. 1 See, in (his connection, A.K. Bagchi: 'Hijacking the Indian Economy', The Herald Review, 5-11 May 1985. 2 See OECD : Economic Outlook, Paris, OECD.June 1985; see alsojayari Ghosh's 'Problems of adjustment and growth in the world economy', Economic and Political Weekly 27 July, 1985. 3 The phrase "import -led growth'was used by S. Gomulka to characterize Poland's growth strategy in the 1970s.See :S.Gomulka : "Growth in the import of technology '.Poland 1971-1980', Cambridge Journal of Economics, 2 (2}]une, 1978. 4 Some paragraphs in this part have been taken from- an interview between A.K. Bagchi and S. Dasgupta: Technology transfer: A confession of failure' Business Standard, 3 August 1985. 5 See in this connection, A. Ghosh : 'Productivity, and efficiency in manufacturing industries: Some case studies. Economic and Political Weekly, Annual No. 1984. 6 Dholakia, B.H. : 'Relative performance of public and private manufacturing enterprises in India-total factor productivity approach'. Economic and Political Weekly, 19 78* 7 See in this connection A. K. Bagchi: 'Public sector industry and the quest for self-reliance in India', Economic and Political Weekly, Annual Number 1982. 8 G.W. Smith and J.T. Cuddington (eds.): International Debt and the Developing countries. Washington, D.C. The World Bank 1985, quoted as reported in The World Bank Research News, Summer 1985.