Trade Strategies for Development: Import Substitution Versus Export Promotion
12 Pages Posted: 14 Jun 2009
This technical note examines two alternative trade strategies for developing countries: import-substitution industrialization and export promotion. The rationale for each strategy is discussed; the policies adopted to implement the strategy are described; and the effects, both positive and negative, of the policies on the economic structure of developing countries are analyzed.
Keywords: developing countries, economic policy, industrial policy, international economics, political economy, public policy, international case, diversity case, international
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