ABSTRACT
This chapter deals with the sectoral distribution of investment and the outward or inward orientation of Nicaragua's economic strategy. According to the economic plans for 1980 and 1981, the Nicaraguan government aimed at building up an economy that would be less externally dependent and would meet the basic needs of the majority of the population. In 1982-1983, the Ministry or industry elaborated the strategy tor Industrial Development, which by 1989 still functioned as medium-term industrial strategy. Most investment outlined in the 1980 Economic Plan was designed to speed up the recovery and improvement of the social and economic infrastructure. To a large extent the breakdown of industrial investment in 1983 and 1984 reflected the new investment projects. Investment in manufacturing, already lower than that in agriculture and agroindustry, fell from an average of $27,000 in 1983 and 1984 to $17,000 in 1985, $19,000 in 1986, and $6,000 in 1987.
