Basic industries (for example, pulp and paper, steel and chemicals) represent cyclical sensitivities in their purest form.
No wonder the b-to-b dot-coms are scouring the steel mills, the auto parts companies and the other basic industries, looking for people who can talk the talk that will persuade the target customers to switch their main transactional mode from the handshake to the mouse click.
Manuel Marrero Faz, senior petroleum adviser to Cuba's ministry of basic industry, said it made sense for Americans to return.
Through the exceptional resources hydrocarbons, the country has opted for a basic industry in which the petrochemistry and steel industries are the backbone.
Still, on several key measures, New York City Transit has clearly failed to keep up, both with other transit agencies and with basic industry standards, including training and pay for mechanics and the use of computers to better track mechanical problems.
Knowledge of basic industry dynamics can help identify risk profiles for these areas.
Mr. Benítez became the acting minister last week when the minister of basic industry, the agency that oversees the oil industry, was fired for reasons still unclear.
To provide work for those leaving the farm, India needs to replicate in basic industry what it has achieved in software.
Wal-Mart is too expensive for them; the big-cap value stocks are in sectors like energy, financial services and basic industry.
A moderate while in Mr. Mbeki's government, Mr. Zuma tied his quiet campaigning for the A.N.C. leadership to the South African political left, which has called for the renationalization of basic industries and guaranteed incomes for the poor.
