The Mexican government followed a strategy known as "import substitution", which basically ramped up taxes on imports and provided credits for local industry to develop. It was a successful policy, as it allowed the "Mexican Miracle", when GDP grew in two-digit numbers between 1940 and 1970.
The Mexican government followed a strategy known as "import substitution", which basically ramped up taxes on imports and provided credits for local industry to develop. It was a successful policy, as it allowed the "Mexican Miracle", when GDP grew in two-digit numbers between 1940 and 1970.
The manufacturing industry played the most important part in the growth of the West's population and economy between 1865 and 1900. The economy grew up to 400 percent because of the manufacturing industry.
If you think about it for a minute. With this large number of population growth without industry we would not be able to produce enough food and clothing. Not to mention transportation. So industry has played a mayor roll in changing quality of life.
Exports have played an increasingly important role in the FPI. In fact, according to Standard and Poor's, 65 percent of the industry's shipment growth between 1988 and 1998
Technology has revitalized the Indian economy - it was a new industry that could employ many of India's people.
Technology has revitalized the Indian economy - it was a new industry that could employ many of India's people.
Many of the technological achievements that eventually led to this growth surge were accomplished by Eastman Kodak Company.
Sir Stafford Sands played a big role in the development of the tourism industry. He mainly affected the industry in the Bahamas.
Several factors contributed to the rise in industrial growth. These include advancements in technology and transportation, the growth of global markets and trade, the availability of natural resources and capital, and government policies that supported industrialization. Additionally, the rise of a skilled and specialized workforce played a crucial role in fueling industrial growth.
U.S. factory production catalyzed by WWII played a part in US economic growth in the 1950s.
U.S. factory production catalyzed by WWII played a part in US economic growth in the 1950s.
U.S. factory production catalyzed by WWII played a part in US economic growth in the 1950s.