import substitution

     

Import substitution inustrialization (also called ISI) is a trade and economic policy based on the premise that a country should attempt to substitute products which it imports (mostly finished goods) with locally produced substitutes. Even though ISI is a development theory with links to dependency theory, and not naturally a trade theory, its political implementation and theoretical rationale are rooted in trade theory. Baer contends that all countries which have industrialised after the United Kingdom went through a stage of ISI where the large part of investment in industry was directed to replace imports (Baer, pp.95-96).

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  • RT @EconFreedomZA: Commissar Shivambu educates the House on what needs to be done on import substitution in order to create jobs.
  • @TheEconomist import substitution by public-solution to India's probs - currency,inflation,deficit,income inequality,job creation,invstments
  • #EFF regurgitate 80s apartheid economic policy. RT @EconFreedomZA .. import substitution in order to create jobs.
  • Commissar Shivambu educates the House on what needs to be done on import substitution in order to create jobs.
  • RT @AfricapInst: The negative impact of importation on #Nigeria's economy has stirred up an import substitution strategy to help improve th…
  • This import substitution will open up the potential for local value creation across #Africa. #DoAgric.
  • The negative impact of importation on #Nigeria's economy has stirred up an import substitution strategy to help improve the economy #DoAgric
  • Think about it: Hip-Life is a success story on import-substitution. Now I follow Sark on Twitter, not Jay Z. Any lessons for trade policy?
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