Term Papers Lab

Import Substitution

Describe import substitution (Inward looking) developmental strategy, clearly
outlining the differences between the first and second stage. Assess its
effectiveness in promoting economic development. Compare inward looking and
outward looking strategies and discuss the assertion that the latter is superior.


The First Stage of Import Substitution:

All present day industrial and developing countries protect their
manufacturing industries for the domestic markets. While the industrial
countries of today rely primarily upon the usage of relatively low tariffs,
developing countries apply high tariffs or quantitative restrictions which
either limit or completely exclude competition from their imports. Protection
like that - high protection - discriminates against exports through the
explicit/implicit taxation of the export activities.
Explicit taxation can take the form of export taxes whereas implicit
taxation occurs as a result of the effects of protection on...

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Import Substitution
Approximate word count: 527
Approximate pages: 3 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every term paper on this site, including the term paper on Import Substitution, for as long as you remain a member! That's over 90,000 online term papers and written research papers at your fingertips!

You could be reading our college term papers on Import Substitution in less than two minutes!

Other term papers sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 90,000 termpapers and sample research papers for as little as $29.95!

1. Import Substitution
   

   Import Substitution. Import ... The rate of this growth however will decline as
   soon as the process of import substitution is completed. The ...

2. Export Promotion Strategy Vs. Import Substitution Strategy
   

   Export Promotion Strategy Vs. Import Substitution Strategy. ... Import Substitution.
   Handbook of Development Economics II: 1601-1644 4. Bruton Henry J. 1998. ...

3. Brazil: Embracing Globalization?
   

   ... Brazil’s Import Substitution Strategy After the Great Depression of the 1930s, Brazil
   followed an import substitution strategy characterized by massive ...

4. Taiwan History And Economy
   

   ... economic evolution. When Taiwan's modern growth epoch began in the 1950s,
   the dominant strategy chosen was import substitution. On the ...

5. Mexico Economic Problems: Post Revolution
   

   ... While import substitution had produced an era of industrialization in previous decades,
   by the 1980s it was evident that that protracted protection had ...