Less hubristic and more informed leaders would have realised that both countries had the manpower and industrial resources to prevail in a war of attrition.
At the outset of that time, the United States redirected the massive industrial resources it had built up to win the biggest war in history into a consumer economy.
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Similarly, Africa should see the United States as a role model and shift its policy attention toward industrial development, starting with adding value to agricultural and mineral resources through aggressive industrial policy.
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Advanced and renewable energy projects like those championed by quasar and LEEDCo will continue to create jobs as they leverage natural resources and industrial supply chain capabilities already available.
"I have been doing research since 1990, and I didn't understand what job seekers did on a day-to-day basis, " says Wanberg, a professor of human resources and industrial relations at the University of Minnesota.
Roger Seifert, professor of industrial relations and human resources management at the University of Wolverhampton, estimated that about 90% of all schools and colleges in England would be closed on Wednesday due to industrial action.
It also meant that Japan was able to keep its defence spending at less than 1% of GDP, enabling it to concentrate more resources on becoming an industrial power.
Unfortunately, the global industrial value chain is already extracting more resources than nature produces each year.
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It was industrial development that provided society with the resources needed to tackle environmental problems.
One has to do with the acquisition of resources to feed the Chinese industrial machine and its growing consumer market.
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In addition, the long-term growth factors for Caterpillar remain intact as rising world population, prosperity and urbanization will increase demand for energy and resources, promoting growth across its industrial businesses: construction, mining and power systems.
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British security chiefs have moaned loudly and publicly that Russian spies are targeting defence and industrial secrets, a particular challenge when intelligence resources are needed to counter the Islamist threat and growing terrorism in Northern Ireland.
It was a Dow Jones Industrial Average (DJIA) member that had ample resources to invest in the emerging growth market.
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Special Offer: With gold, oil, industrial metals and timberland, Canada is a playground for natural resources and income investors.
And yet, most governments cling stubbornly to national industrial policies that offer perverse incentives for local firms to squander resources on parochial technologies and outmoded business models.
Labor markets will weaken at first, but unemployed resources will over time migrate toward the manufacturing and industrial sectors most damaged by current policies that sustain such high labor costs.
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State Mineral Resources officials who will make a recommendation to the state Industrial Commission have scheduled a permit hearing March 28, according to the Tribune and The Dickinson Press.
He says this will create regional jobs, increase resource security, reduce consumption of non-renewable resources, increase material efficiency and prevent carbon emissions and industrial waste - all on a big scale.
In a speech this morning to the manufacturers' lobby group, the EEF, Mr Miliband will focus on attacking the government for wasting what resources it does have and on non-financial forms of industrial support.
Last cycle, from late 2002 to 2007, was consumer electronics (iPods, Blackberries, GPS, Googling, for example), industrial infrastructure (roads, bridges, ships, airplanes, cranes) and natural resources.
It helps for producing electricity, but if industrial countries like the U.S. and Europe can put in place more environmentally sound resources like nuclear energy, it would allow more developing countries to use fossil fuels for their development in the 21st century.
But the Liberals' industrial base has contracted and Canada's centre of economic gravity has shifted, westward and towards natural resources.
"These pictures symbolise the natural resources and economic ambition that drove Derbyshire people to make the county the powerhouse of Britain in the early industrial revolution, " he explained.
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