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WORLD-CRISIS ~ INDUSTRIAL REVOLUTIONS 291
by imports from abroad. Besides, industrialisation will
likewise involve extensive imports of machinery, chemicals
etc. The wealth of the people is likely to increase
and along with it the demand for quality-goods and other
foreign commodities even among the agricultural classes.
Another item deserves consideration in tbis connection.
It cannot be ignored that inspite of strenuous efforts to
develop banking and insurance under national auspices
these regions will have to look abroad for the supply of
a substantial portion of industrial capital. The unemployment-stricken
countries of the world are, therefore,
called upon to export capital to those regions which are
seeking to industrialise themselves. 28
The position of
the U.S.A. and France which in post-war years have
succeeded in amassing huge fortunes will be specially
interesting in this regard.
The three countries affected by unemployment will
be compelled to reorganise their lines of financial investments.
First, they will find it expedient to abandon
those industries which interest themselves in commonplace
goods such as are likely to be manufactured on the
spot by backward regions as a part of their Swadeshi
movements. Secondly, they will have to invest their
funds more and more in specialised industries, for
instance, those machine-factories which are likely to be
instrumental in the industrialisation of the relatively backward
regions. And thirdly, they will have to seek fresh
fields of investment in. agriculture. Re-agrarisation (and
28 With reference to India's requirements in foreign capital see
Sarkar : Economic Development (1926), pp. 392-400, and Greetings to
Young India (1927), pp. 68·76.