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Does simultaneous implementation of import-substitution and export-promotion neutralize each other?

Author

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  • Turan Subasat

    (University of Bath, UK and Izmir University of Economics, Turkey)

Abstract

After clarifying the widespread terminological confusion regarding ‘import-substitution’, ‘export-promotion’ and ‘free trade’, this article focuses on an interesting debate about their complementarities. Particular attention will be paid to whether the simultaneous implementation of import-substitution and export-promotion neutralises each other and leads to free trade results. It will be argued that although this debate is stimulating, it has a number of important limitations and has very little bearing to actual trade policy implementation.

Suggested Citation

  • Turan Subasat, 2009. "Does simultaneous implementation of import-substitution and export-promotion neutralize each other?," Journal of Developing Areas, Tennessee State University, College of Business, vol. 43(1), pages 45-63, September.
    • Handle: RePEc:jda:journl:vol.43:year:2009:issue1:pp:45-63
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    More about this item

    Keywords

    Trade policy; import-substitution; export-promotion trade liberalisation;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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