"(...) binani industries share price The national bourgeoisie of under-developed countries is not oriented towards the production, invention, construction, work. It is entirely channeled towards activities intermediate type. Being in the circuit, in combination, as seems to be his true vocation. The national bourgeoisie has a psychology of businessmen not captains of industry (...). "
My attention was drawn this week by a reversal stating the establishment of a Marshall Plan for re-industrialization of Algeria. The plan developed is said by the services of the Ministry of Industry, SMEs and Investment Promotion will be presented in the coming weeks by the Council of Ministers to be implemented later and this should be the stress without the legitimate and reasonable consultation with the "base" consists of civil society and especially binani industries share price the Algerian University that will train the artisans of the success of this plan, unless you continue to do as we have done for twenty years, not to consult the university so naturally we do not have national frameworks. The second question outside this ambition which I applaud, what is the course? What is mobilizing utopia?
I hope that it exists and that the Government will validate a stakeholder consultation. In what follows, I will try to describe the ephemeral history of industrialization in Algeria and then give my opinion on what I believe to be beneficial to the country if he agrees on the difficult path of effort, knowledge so that eventually he could try to find a place in the international division of labor.
"It is after a simple philosophical definition, all economic activities whose purpose is to transform raw materials into finished products or exploitation of energy and mineral resources. The industry is a sector of the economy. It is also all the companies belonging to these economic activities. Small, medium and large industries. Heavy industry. Basic Industry. Consumer goods industry. Garment industry. Metallurgical industry. Mining industry. Chemical industry. Food industry. Automotive industry. Pharmaceutical industry. Nationalized industry. War industry. The oil industry. This is an action that transforms and multiplies the ways of man. "(1)
During the colonial period there was no endogenous industry, binani industries share price but looting of raw materials (various minerals: iron, copper, nickel, lead, mercury, oil and gas) sent to the city which in turn we returned products high added value. We know that the three development plans, the three-year and five-year two under the age Boumediene had the ambition to give an industrial base in the Algerian economy.
After the death of Boumediene, there was a halt to this philosophy of "industrializing industries". Although she was criticized by some aspects, it was directed towards self and towards the goal of full employment. Let us remember that for the period 1965-1978, Algeria had earned in any and all $ 22 billion and achievements made were sustainable.
In fact, after Boumediene, the beginning of the infitah replica of the "Washington consensus" meant that various governments have not created wealth and were content to manage the pension. First there was a euphoric period beginning 1980-1984: a barrel to $ 40 a dollar to 5 francs. The dinar was near parity with the franc. The Algerian-slogan for a better life forces-was invited to entertain, to waste, to behave in a brief of his cousins Arab potentates connected to the intellectual laziness and idleness.
This was the era of anti-shortage Program (PAP), that of Emmenthal and appliance ... The inevitable happened, there was a market downturn. In July 1986, a barrel of oil was next to less than $ 10 because of the quota war between Great Britain Margaret Thatcher - Brent field in the North Sea, and Saudi Arabia, which wanted to defend its share of market. Result: the market was flooded and Algeria lost over $ 18 billion between 1986 and 1990.
Algeria is then found it difficult to ensure the sustenance of its citizens that it gave bad habits that everything is owed to them effortlessly. 1988 and the black decade and Caudine claws IMF that Algeria binani industries share price was a priority to stand and industrial
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