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Misclassification touches more traditionally middle class industries, such as construction and trucking.
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Despite the sneers from the old world, Australia's food and wine businesses, for instance, have developed into a world class industry.
These investors were attracted by the lure of a world class industry and, according to Will Hutton, the opportunity for rent seeking.
The study categorized these companies by class best in class, industry average and laggard.
It enjoyed excellent universities, world-class industries, smooth roads and political stability.
Many of Afghanistan's wealthy are already beneficiaries, and these upper-class industries and ties are only expected to grow.
China has a history of growing world-class industries behind high trade barriers and then lowering those barriers when it wants to export.
Mr. Nesi's sense of loss will touch hearts much farther afield, wherever the West's world-class industries have fallen to free trade and the Internet.
London is also unique in bringing together many world-class industries — from finance to fashion — and we are starting to see capital coalesce around these industries in which the U.K. has a global competitive advantage.
But when Fed programs target particular asset classes, industries or firms (which they do), the Fed has put itself in the business of allocating credit.
Neither Democratic presidents nor Republican ones accepted the idea that it mattered whether the United States had world-class industries.
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