Robert T. Averitt Quote

The new economy [or "center economy"] is composed of firms large in size and influence. Its organizations are corporate and bureaucratic; its production processes are vertically integrated through ownership and control of critical raw material suppliers and product distributors; its activities are diversified into many industries, regions, and nations... Firms in the large economy serve national and international markets, using technologically progressive systems of production and distribution…

p. 7 - The Dual Economy, 1968