They often import used machinery for their factories, he points out, and drive used cars from abroad.
The hope was to industrialize by making use of the massive supply of cheap labor and avoid having to import heavy machinery.
Private enterprises are importing high-end machinery and luring millions of peasants from the countryside.
Cyprus must import fuels, most raw materials, heavy machinery, and transportation equipment.
"Colombia had a stable economy and was able to import modern machinery."
Besides, residents do not pay customs duties when importing machinery and materials and exporting their production.
The company imported heavy machinery from the United States and was granted timber and water rights in the countryside.
On leaving the military Willett started his own business in 1962, importing machinery for the manufacturer of packaging and plastics.
Importing and manufacturing machinery, the company was successful and King was able to take up motor racing.
The Government has been using the earnings to import machinery and parts.