Create an invitation to the US industrialization.

“Industrialization by Invitation”, a development strategy pronounced by William Arthur Lewis, encouraged the invitation of foreign guests by the host nation to manufacture in its space just like that of the Puerto Rican Bootstrap Model in order to reduce the dependence on sugar and agricultural produce in the economy.

what are the statements

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.