Strategies and Policies of Fertilizer Industry Development

The establishment of the development program, and in particular the development program of the fertilizer industry, requires not only the collection of data to be processed using a specific methodology but also requires self-control in the feedback system. There are numerous examples of development programs established on the basis of future or expected demand, which are not correlated with the macroeconomic options and features of the country s economy. 

These programs were either never implemented or their implementation increased debts or generated other economic crises. On the other hand, there are examples of failures when separate projects were implemented 

Strategies are partially subjective and partially objective elements of the programming methodology. Their objective character is related to the country s macroeconomic patterns, and their subjective character is related to the choices of goals to be achieved. The strategic issues of fertilizer industry development include the following topics  

Obviously, in each country the establishment of the ranges of quantitative variables must be adjusted to a particular economic feature. Establishment of the fertilizer complex usually requires a mixture of several strategies, namely import substitution combined with export promotion, capital-intensive industrial development ad-, dressed to the consumer, and oriented to involve both private and public capital with selective participation of foreign companies. 

Implementation of the strategies requires selection and application of a set of industrial policies, but simple repetition of the existing policies established in industrialized countries will not be feasible for many reasons, e.g., lack of capital market, lack of savings, and noncon-vertibility of the national currency. Therefore, policies should be specific for the promotion of the optimum, specific industrial structure and would not suffice for the development of any other type of structure. 

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