Cyprus\u27 Dependence on the Mining Industry and British Bases

The purpose of this study is to point out that Cyprus\u27 dependence on the mine industry and British bases is undesirable; therefore, other economic sources must be found and developed. These two sources of revenue are undesirable because they are unstable, temporary, and outside the control of Cyprus\u27 Government. The undesirability of these two sources is demonstrated when the author points out the problems that were created in the 1950\u27s and early 1960\u27s as a result of the fluctuations in revenues from the mine industry and British bases. In order to lessen Cyprus\u27 dependence on the bases and mines alternative sources must be found. In this study the author makes certain suggestions which will help to promote Cyprus\u27 manufacturing industry. The expansion of the manufacturing sector of the Island will decrease the importance of the bases and mines on the economy of Cyprus. In an effort to show that Cyprus is over-dependent on the bases and mines the author points out how much these sources contributed to the Island\u27s economy between 1950-1959 and 1960-1965. Also their future contribution to the economy of Cyprus is discussed. The author includes an introductory analysis on the economic and political history of Cyprus and refers to its geographical setting to assist the reader in comprehending the problem discussed. The author\u27s proposals to help expand the manufacturing sector of the Island will undoubtedly require further study and research. He hopes that these general proposals will be considered in plans of the Cyprus Government for economic development