But a good part of the national income derived also from mining, manufacturing, money and banking services, and import-export activities.
All of them were intent on economic exploitation, ranging from individual looting to sophisticated deals with specialist operators, such as foreign firms and professional import-export traders.
However, the old-style diplomacy embraced by her few ambassadorial allies was being supplanted by capital-led diplomacy, the first priorities of which were oil and import-export arrangements.
The plan also envisaged a common import-export scheme.
That is reflected in the import-export balance of the economy.
With his suggestion of an import-export board, or whatever he wishes to call it, there would be a very rigid pattern and system.
Our present methods are not closing the import-export gap.
It certainly points to problems which an economy such as ours is always likely to be faced with—the difficult problems of import-export balance of payments.
