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Concept information

Preferred term

import substitution  

Definition(s)

  • Import substitution was a strategy for economic development that was popular in the 1950s and 1960s. Advocates of import substitution development strategies believed that industrialization was the key to economic development and looked for policies that would encourage domestic industries to grow. [Source: Encyclopedia of Business in Today's World; Import Substitution]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-JCX6818Z-0

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