What is the policy of import substitution? Has this policy worked for the developing countries? If...

Question

Question

What is the policy of import substitution? Has this policy worked for the developing countries? If...

What is the policy of import substitution? Has this policy worked for the developing countries? If not, what are the problems of this policy?

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

import substitution is important to boost domestic manufacturing sector it could leads to employment opportunities being created and considerably lower the demand and foreign exchange. But there are some negative aspects of import substitution let's see in details in given answer.

Add a comment

Answer 2

Similar Homework Help Questions

1. What is the policy of import substitution? Has this policy worked for the developing countries?...

1. What is the policy of import substitution? Has this policy worked for the developing countries? If not, what are the problems of this policy? 2. Mention any two benefits of export promotion policy.
What are the basic features of import-substitution industrialization? How is an outer-oriented development strategy different from...

What are the basic features of import-substitution industrialization? How is an outer-oriented development strategy different from import substitution? According to Krueger, what are the key reasons why trade liberalization has given a boost to economic development in countries that used to pursue import-substitution policies? Does the author agree with the view that import-substitution has short-run costs but long-term benefits? Why or why not? According to Krueger, what does it take for trade liberalization to be successful? While the author emphasizes...
Briefly discuss any two policy options for the developing countries for dealing with the environmental problems.

Briefly discuss any two policy options for the developing countries for dealing with the environmental problems.

7. What four policy initiatives can developing countries implement to address population growth?

7. What four policy initiatives can developing countries implement to address population growth?
In most developing countries, an effective fiscal policy is: A. easier to conduct than in developed...

In most developing countries, an effective fiscal policy is: A. easier to conduct than in developed economies because there are fewer institutional checks and balances. B. easier to conduct than in developed economies because politicians tend to be more socially-minded. C. harder to conduct because taxes are difficult to collect. D. harder to conduct because fiscal policy is discretionary in developing countries, unlike developed countries
What are some of the major health problems in developing countries and what are their primary...

What are some of the major health problems in developing countries and what are their primary causes?

Suppose that an offer curve diagram has developed countries exports on one axis and developing countries'...

Suppose that an offer curve diagram has developed countries exports on one axis and developing countries' exports on the other axis. Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in desand for developing countries' goods by developed countries combined with relatively rapid growth in demand by developing countries for developed countries' goods
*****Discuss and explain: What factors influence the development and implementation of health care policy in developing...

*****Discuss and explain: What factors influence the development and implementation of health care policy in developing countries? Explore the impact of these factors on the health care system of these countries in your answer.
developing countries are starting to converge with developed countries in the long run in what respect?

developing countries are starting to converge with developed countries in the long run in what respect?

What practical examples illustrate the impact that has been made by some NGOs in Developing countries

What practical examples illustrate the impact that has been made by some NGOs in Developing countries

What is the policy of import substitution? Has this policy worked for the developing countries? If...

Homework Answers

Add Answer to:
What is the policy of import substitution? Has this policy worked for the developing countries? If...

Post as a guest

Earn Coins

1. What is the policy of import substitution? Has this policy worked for the developing countries?...

What are the basic features of import-substitution industrialization? How is an outer-oriented development strategy different from...

Briefly discuss any two policy options for the developing countries for dealing with the environmental problems.

7. What four policy initiatives can developing countries implement to address population growth?

In most developing countries, an effective fiscal policy is: A. easier to conduct than in developed...

What are some of the major health problems in developing countries and what are their primary...

Suppose that an offer curve diagram has developed countries exports on one axis and developing countries'...

*****Discuss and explain: What factors influence the development and implementation of health care policy in developing...

developing countries are starting to converge with developed countries in the long run in what respect?

What practical examples illustrate the impact that has been made by some NGOs in Developing countries

What is the policy of import substitution? Has this policy worked for the developing countries? If...

Homework Answers

Add Answer to: What is the policy of import substitution? Has this policy worked for the developing countries? If...

Post as a guest

Earn Coins

Add Answer to:
What is the policy of import substitution? Has this policy worked for the developing countries? If...