Import substitution

Import substitution
Definition: A government policy when the government attempts to replace imports with domestically produced goods.
Related glossary term: ...

IMPORT SUBSTITUTION DEVELOPMENT STRATEGY - A development strategy followed by many Latin American count...
IMPORT/EXPORT LETTERS OF CREDIT - Bank or financial institution issuance's of funds in a certain amount...

Import substitution:
An economic policy and development strategy focusing on the replacement of imports with domestically produced goods, usually accomplished through protectionism, as the route to economic growth.

Import Substitution
A national economic strategy to build up a domestic economy by emphasizing the replacement of imports by domestically produced goods.
Importer ...

IMPORT SUBSTITUTION
An attempt by a country to reduce imports (and hence foreign exchange expenditures) by encouraging the development of domestic industries regardless of domestic inefficiencies.

import substitution strategy a trade policy designed to encourage local firms to produce goods that are normally imported into the country. (33) ...

Import substitution - The process by which many LDCs have attempted to industrialise, i.e. manufacturing consumer goods themselves rather importing them.

IMPORT SUBSTITUTION: A strategy for economic development for a country based on replacing imported goods with domestic production. This is often directed toward imported inputs used for domestic production.

Import Substitution Industrialization (ISI)
An economic theory employed by developing or emerging market nations that wish to increase their self-sufficiency and decrease their dependency on developed countries.

Import substitution
A strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries.

Import Substitution
A strategy which emphasizes the replacement of imports with domestically produced goods, rather than the production of goods for export, to encourage the development of domestic industry.

Importer
The U.S.

s that emphasized import substitution - accomplished through protectionism - as the route to economic growth.

Removal of tariff barriers - switching from import substitution to export oriented trade policies
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A development strategy followed by many Latin American
countries and other LDCs that emphasized import substitution - accomplished through protectionism - as the
route to economic growth.
Active portfolio strategy ...

Trade law Â- Trade pact Â- Trade bloc
Trade creation Â- Trade diversion
Export orientation Â- Import substitution
Trade finance Â- Trade facilitation
Trade route Â- Domestic trade
Tax, tariff and trade ...

followed by the United Nations, adopted a slow and deliberate strategy in response to Ian Smith's 'unilateral declaration of independence' in Rhodesia in 1965. Aided by hesitation and delays, the Smith regime was able to use import substitution, ...

See also: Substitution, Protectionism, LDCs, Banks, Yield curve