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Initially it was based on the processing of domestic agricultural raw materials for the home market and for export. This led to the setting up of cotton textile mills—a development that now accounts for a large part of the total employment in industry. Woolen textiles, sugar, paper, tobacco, and leather industries also provide many jobs for the industrial labour force.
The growing trade deficit in the mid-1950s compelled the government to cut down on imports, which encouraged the establishment of a number of import-substitution industries. At first these industries produced mainly consumer goods, but gradually they came to produce intermediate goods and a range of capital goods, including chemicals, fertilizers, and light engineering products...
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Common topics in this essay:
- Australian Iron Ore Mining Industry Review
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