Murky Light on Licensing

Murky Light on Licensing Arthagnani INDUSTRIAL LICENSING was intended to ensure the implementation of the industrial programmes laid down in the plans. Properly administered, the licensing system can ensure that capacity does not exceed plan targets, influence the geographical distribution of industrial capacity and counter tendencies towards concentration of ownership and control of industry. In fact, as is by now widely known, licensing has failed to achieve any of these objectives. Why did it? In large part the answer must bo sought in the administration of licensing.