These are basic industries in which closeness to raw materials and markets for their bulky products is paramount.
Given institutional weaknesses and the priority put on political over economic results, increased state control has often translated into lower and/or more inefficient production, as the case of the basic industries in Guayana clearly shows (ref F).
In 1995 the British Labour Party under Tony Blair embraced the third way by forsaking its long-standing commitment to the nationalization of basic industries; in general elections two years later, the Labour Party won a landslide victory, and Blair served as prime minister for the next 10 years.
Arizona is still the leading copper-producing state in the country, but manufacturing has grown to become the state's most important basic industry, notably in electronics, communications, aeronautics, and aluminum.
To provide work for those leaving the farm, India needs to replicate in basic industry what it has achieved in software.
A Chartwell executive said the group usually invests in basic industry.
But, it is a basic industry with fundamental importance in every sphere of life.
Since Connell took over Ogden's castoffs, revenues have doubled, and he sees more opportunity in basic industry for himself and other would-be Mr. Basics.
An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy and expanding production beyond the traditional textiles and clothing sectors.
