Investor Presentaiton
THE FIRST WAVE INDUSTRIALIZATION AND URBANIZATION
There was similar growth in cement, chemicals, food and beverage processing, clothing
and textiles, leather goods and footwear, wood and metal furniture, electrical and
mechanical equipment, and other manufactured products. We invested in R&D that
significantly improved the productivity of agriculture and mining. We also invested in
skills training and workforce development to help support industry expansion.
Even with the various successes in the growth of businesses, jobs, and incomes during
the First Wave, there also were many missed opportunities. We were still purchasing
much of the technology and importing most of the capital goods from other countries.
We did not have a full cycle of companies operating effectively at every stage of the
value chain, from technology research and development all the way to mass
production.
Our private sector was lacking in many dynamic and fast-growing middle-sized firms
Instead we had few big corporations and a large number of very small enterprises
that needed investment and support to grow.
FIEMGView entire presentation