Export Promotion vs. Import Substitution
6 Pages Posted: 23 Apr 2019
Date Written: July 2003
Why do some countries develop more than others? Do their strategies on international trade have a role on this? In this paper, two different industrialization strategies, import substitution and export promotion, are compared. The advantages and the disadvantages of these strategies on their development are stated.
Keywords: Import Substitution, Export Promotion, Development
JEL Classification: F43
Suggested Citation: Suggested Citation