AN ANALYSIS OF ALTERNATIVE INDUSTRIALIZATION STRATEGIES FOR DEVELOPING ECONOMIES
Industrialization is the process of social and economic change whereby a human group is transformed from a preindustrial society into an industrial one. Import Substitution Industrialization (ISI) is an industrialization policy based on the premise that a country should attempt to reduce its foreign...
Enregistré dans:
| Auteurs principaux: | , |
|---|---|
| Format: | Article |
| Langue: | anglais |
| Publié: |
R&D Wing, MIST
2015
|
| Sujets: | |
| Accès en ligne: | http://hdl.handle.net/123456789/198 |
| Tags: |
Pas de tags, Soyez le premier à ajouter un tag!
|
| Résumé: | Industrialization is the process of social and economic change whereby a human group is transformed from a preindustrial society into an industrial one. Import Substitution Industrialization (ISI) is an industrialization policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. Because of limitations of ISI, the concept of Export-led industrialization was supported by economists. Export-led industrialization (ELI) is an industrialization policy aiming to speed-up the industrialization process of a country through exporting goods for which the nation has a comparative advantage. Export-oriented industrialization is often contrasted with import substitution industrialization. The objective of this paper is to critically appraise the role of Easy ISI strategy in economic development. |
|---|