An Appraisal of the Import Substitution Strategy from a Structural Economic Dynamic Approach
AbstractThis paper seeks to establish that a Structural Economic Dynamic (SED) approach toward understanding technological gaps offers a superior method relative to the Import Substitution Strategy (ISS). It is argued that the ISS approach fails to account for the role of demand and hence, the structural dynamics of underdeveloped economies, when considering the role of technological progress. Argued as relatively superior to the ISS, the SED approach considers the evolution of preferences as a variable driving change, shedding new light on main channels of North-South interdependence.
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Bibliographic InfoPaper provided by Departamento de Economia da Universidade de Brasilia in its series Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia with number 331.
Length: 28 pages
Date of creation: Nov 2010
Date of revision:
Contact details of provider:
Postal: Universidade de Brasília UnB - Campus Universitário Darcy Ribeiro Asa Norte CEP 70910-900, Brasília, Brasil
Fax: (61) 340-2311
Web page: http://e-groups.unb.br/face/eco/
More information through EDIRC
Structural Economic Dynamics; Uneven Development; Import Substitution Strategy; Technical Progress; Engel’s Law;
Other versions of this item:
- Ricardo Azevedo Araujo & Joanilio Rodolpho Teixeira, 2011. "An Appraisal of The Import Substitution Strategy from A Structural Economic Dynamic Approach," Economic Research Guardian, Weissberg Publishing, vol. 1(2), pages 109-122, December.
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-16 (All new papers)
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