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Concept information

social science subjects > economics > economic concepts > import-replacing development

Preferred term

import-replacing development  

Definition(s)

  • Import-replacing development is a theory of economic growth that encourages a town, city, or region to move toward diversification and self-reliance by systematically replacing imports with locally produced goods and services. It stands in marked contrast to theories of export-led development that have been embraced by many contemporary economists, planners, and economic institutions. [Source: Encyclopedia of Community: From the Village to the Virtual World; Import-Replacing Development]

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URI

http://data.loterre.fr/ark:/67375/N9J-KC8ZBBWJ-6

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