Economic backgroundEconomic background(cont..)(cont..)
1980 – 1991.1980 – 1991.
Growth rate of 5.4 percent perGrowth rate of 5.4 percent perannum.annum.
Limited liberalization measures wereLimited liberalization measures wereinitiated.initiated.
Steps were taken to modernize someSteps were taken to modernize someof the most important industries,of the most important industries,such as cement, steel, aluminum andsuch as cement, steel, aluminum andpower generation equipment.power generation equipment.