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Modi has disappointed his free-market backers by refusing to privatize India's large and inefficient public sector; and in Egypt, general-turned-president Abdel Fattah Al Sisi has tried to ensure that enterprises controlled by the armed forces are the backbone of economic development.
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THE importance of technology as the backbone of economic growth is well understood.
It is the backbone of economic growth.
In America, we believe strongly in investment as the backbone of economic growth and job creation.
Since the first oil concessions were signed in the Middle East, our hydrocarbon resources have been the backbone of economic growth.
Smaller businesses that need such services are considered the backbone of Westchester's current economy, said Salvatore J. Carrera, the county's director of economic development.
"They're the engines of economic development".
Plenty of economic development is also promised.
Pennsylvania Industrial Development Authority, $260 million of economic development revenue bonds.
Turnpike Authority of Kentucky, $225 million of economic development road revenue bonds.
Petroleum is the lifeblood of economic development.
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CEO of Professional Science Editing for Scientists @ prosciediting.com