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Import Substitution
Beginning of essay
Describe (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 Firs ....
Middle of essay
....stantially at lower output
levels. The production of the commodities do not involve the use of
sophisticated technology or highly educated workers and suppliers for parts,
components, materials and accessories are not necessary for highly efficient
operations.
An argument for infant industry protection and promotion is made for the
"easy" stage, that being the first stage of import substitution because even
though the domestic production of the commodities generates external economies
in the fo.... |
| Number of words: 580 |
Approximate pages: 3 |
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