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290 WORLD.CRISIS: INDUSTRIAL REVOLUTIONS
enough. Until the purchasing power of the people rises
the enterprises of the producers cannot flourish. In order
therefore that an enterprise may be'run on a paying scale
it would be necessary to see to it simultaneously that the
scale of consumption. standard of living and the purchasing
power of mankind be enlarged or heightened. Germany.
Great Sritain and the U.S.A. cannot possibly
master the unemployment situation, in so far as it is
masterable at all. and tackle the modem poverty probJem
until their markets. both home and foreign. expand. A
part of the economic statesmanship of these countries will
therefore have to take the form of promoting the economic
development of regions which to.day find themselves in
different degrees of backwardness. for instance. the
Balkan states. Russia. China. India. Latin.America ..
and the African Continent.
The purchasing power of these backward regions
can be raised by industrialisation which implies alsomodernisation
of agriculture. 27 These industrialisations.
will to a certain extent militate against the expansion of
Great Britain. Germany and the U.S.A. in the regions.
concerned. But the competition between these newly
industrialised countries and the industrial •• great powers"
will manifest itself chiefly in the lines of simpler and commonplace
goods of ordipary and inferior qualities. For
instance. on account of 'boycott as well as of protection
as nationalistic measures. the textile industry of these
countries is likely to become more and more self.suffi.­
cient. But the de~and for "quality goods" in these
regions will have to be satisfied for a long time to come
27 Sarkar: "II Movimento industriale" e commerciale nell' India
moderna ed i suoi rapporti internazionali" (Commercio, Rome, June 1931).