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Small wonder confidence slumped among businessmen.Red tape, poor infrastructure and a strong currency have rendered much of industry uncompetitive.
Much of industry was in the hands of ENI and IRI, giant but inefficient state conglomerates set up by Mussolini.
That is part of a much wider change described by the ugly word "onshoring", the reverse of the offshoring that has swept through much of industry in the West, in services as well as manufacturing.
By contrast, product development is so expensive that designers tend to depend on winning commissions from empathetic manufacturers, who are dispiritingly scarce everywhere, but especially so in China, where much of industry is still state-controlled.
But at a time when much of industry – and transactions – are happening at the hearth and in the kitchen, this place is taking a breather and you can almost feel it exhaling with the pleasant surprise of quiet and clarity.
At that time South Africa was governed by Afrikaner nationalists, but much of industry — especially the big mining houses, which pretty much built modern South Africa — was run by dynasties, like the Oppenheimers and the Menells, that favored more liberal treatment of the black majority.
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This attitude hasn't been banished to the management graveyard; it's still very much part of industry thinking.
Much of this industry has disappeared, and replacement industries (automobiles, machinery) have failed to compensate for the loss of jobs.
It should be noted that much of the industry information presented in this paper was obtained through a search of official industry documents comprising the alcohol industry's submissions to various government departments, press releases, web-sites and industry bulletins.
Bonn, Frankfurt and other industrial centers of Western Germany have taken over much of the industry that was formerly Berlin's.
Much of its industry remains in tatters.
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CEO of Professional Science Editing for Scientists @ prosciediting.com