ABSTRACT
Among the many other commonalities, developmentalists shared classical economics antecedents reviewed in Chapter 5. Specifically, capital accumulation, the centrality of production (industry in particular) and a focus on the distribution of income were the classical economics antecedents that the developmentalists shared. In this envisaged classical economics scenario, the entrepreneurs were the savers and innovators who would bring about capital accumulation, induce structural transformation and trigger catch-up growth that enabled society to prosper. 2
