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THEORETICAL UNDERPINNINGS AND INVESTMENT
THE CHOICE OF TECHNOLOGY IN FOOTWEAR
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20 per cent Africa appraisal appropriate technology assumption capital capital employees capital rationing Chapter choice of technology consequently cost cost-benefit analysis decision-takers developing countries discount rate discounted cash flow discussion eaeee economic eee woM eeee eeeee ee eeeoe eepee eMee eMeM employment problem etee footwear and sugar given growth important income redistribution increase inputs investment criteria labour force labour-intensive technology least-cost technology M M M/e M M/e M M/e M M/e M/e M/e M/e M/e machine-intensive men's leather-upper modern sector Morawetz Moreover NPV NPV NPV/K NPV NPV/K Technology NPV/K Technology capital onpeeeoe op.cit open-pan population possible present value production profitable relatively relevant rural-urban migration shadow prices shoes Strathclyde sub-process sugar per annum suggested surplus labour Table technical progress techniques Technology capital capital technology choice teeoe tons of sugar United Kingdom University of Strathclyde wage work-stations