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A Reconsideration of Import Substitution

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Author Info
Bruton, H.J.
Abstract

One of the earliest general strategies of development that directly involves international transactions is that usuallly called import substitution. This paper studies the import substitution story -why and how it came to be -and the rise of the outward-oriented approach (a contrary approach to import substitution) -why and how it came to be and -temporarily at least- to win the battle between the two approaches. Then it examines the dounts that have arisen with respect to the latter approach, and the nature of the new tensions that now exist with respect to an appropriate trade strategy.

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Publisher Info
Paper provided by Department of Economics, Williams College in its series Center for Development Economics with number 156.

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Length: 33 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:wil:wilcde:156

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Related research
Keywords: IMPORTS TRADE ECONOMIC DEVELOPMENT

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Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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  1. Facundo Albornoz and Paolo Vanin, 2005. "Local Learning, Trade Policy and Industrial Structure Dynamics," Discussion Papers 05-12, Department of Economics, University of Birmingham. [Downloadable!]
  2. Lall, Sanjaya & Narula,Rajneesh, 2004. "FDI and its role in economic development: Do we need a new agenda?," Research Memoranda 019, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  3. Jeffrey D. Sachs & Xiaokai Yang, 1999. "Gradual Spread of Market-Led Industrialization," CID Working Papers 11, Center for International Development at Harvard University. [Downloadable!]
    Other versions:
  4. Adam Fforde, 2004. "Persuasion: Reflections on Economics, Data and the 'Homogeneity Assumption'," Department of Economics - Working Papers Series 919, The University of Melbourne. [Downloadable!]
  5. Wen-Li Chen & Xiaokai Yang & Jeffrey D. Sachs, 1999. "An Infra-marginal Analysis of the Ricardian Model," CID Working Papers 13, Center for International Development at Harvard University. [Downloadable!]
    Other versions:
  6. Donghyun Park & Jung Hur, 2002. "Exports Under an Import Substitution Trade Regime: An Alternative View," Economics Bulletin, Economics Bulletin, vol. 6(5), pages 1-7. [Downloadable!]
  7. Azam, Jean-Paul & Devarajan, Shantayanan & O'Connell, Stephen A., 1999. "Aid dependence reconsidered," Policy Research Working Paper Series 2144, The World Bank. [Downloadable!]
  8. Narula,Rajneesh, 2002. "Switching from import substitution to the ‘New Economic Model’ in Latin America: A case of not learning from Asia," Research Memoranda 042, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  9. Ana Maria Bianchi, 2002. "For Different Audiences, Different Arguments: Economic Rhetoric at the Beginning of the Latin American School," Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 24(3), pages 291-305, September. [Downloadable!] (restricted)
  10. Helen Shapiro, 2007. "Industrial Policy and Growth," Working Papers 53, United Nations, Department of Economics and Social Affairs. [Downloadable!]
  11. Sanjaya Lall, . "FDI and Development: Policy and Research Issues in the Emerging Context," QEH Working Papers qehwps43, Queen Elizabeth House, University of Oxford. [Downloadable!]
  12. Mariateresa Fiocca, 2001. "Mediterraneo e Balcani: Due Aree di Crisi e di Opportunità alla periferia dell'unione Europea," ISAE Working Papers 19, ISAE - Institute for Studies and Economic Analyses - (Rome, ITALY). [Downloadable!]
  13. Yilmaz Akyuz, 2005. "The WTO Negotiations on Industrial Tariffs: What is at Stake for Developing Countries?," Working Papers 2005/8, Turkish Economic Association. [Downloadable!]
  14. Wen Li Cheng & Meng-chun Liu & Xiaokai Yang, 1999. "A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes," CID Working Papers 12, Center for International Development at Harvard University. [Downloadable!]
    Other versions:
  15. Jeffrey D. Sachs & Xiaokai Yang & Dingsheng Zhang, 1999. "Pattern of Trade and Economic Development in the Model of Monopolistic Competition," CID Working Papers 14, Center for International Development at Harvard University. [Downloadable!]
    Other versions:
  16. Diaz-Bonilla, Eugenio & Tin, Jonathan, 2002. "That was then but this is now," TMD discussion papers 94, International Food Policy Research Institute (IFPRI). [Downloadable!]
  17. Shafaeddin, Mehdi & Pizarro, Juan, 2007. "From Export Promotion To Import Substitution; Comparative Experience of China and Mexico," MPRA Paper 6650, University Library of Munich, Germany, revised Oct 2007. [Downloadable!]
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This page was last updated on 2008-8-11.


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