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However, call the sector a late bloomer.
Despite worries about bank funding in the wake of Unicredit's deeply discounted cash call, the sector seemed to hold up reasonably well.
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John Kartsonas, an equity analyst at Standard & Poor's, called the sector "a cyclical industry, not a growth industry".
For good measure, he accuses the National Federation of Independent Business — which he calls "the sector's primary lobbying group" — of being "a purely partisan operation".
The government, which owns a 15 percent stake in Renault, has called the sector a strategic priority, and plays an active role — some might say actively meddles — in the industry's affairs.
Professor Peter Swann, specialist in industrial economics at Nottingham University, calls the sector the "perfect example" for the coalition's hopes of small, deft and varied businesses re-energising the UK economy.
Students interviewed called the sector slow and out of date.
At 55, former Alex. Brown & Sons analyst Stahlman has carved out a rep as a tech-trend prophet who had called the sector's bust and now sees a muted boom.
SIPs contained the key elements of what would later be called the Sector-Wide Approach, or SWAp (the key difference being that SIPs were closely associated with the World Bank, while SWAps were not).
I still get my vegetables from a small open-air street vendor, or what industry analysts call "the unorganized sector".
They work in what economists call the nontradable sector: jobs that can't be moved easily to a low-wage country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com