Tariff Protection, Import Substitution and Investment Efficiency

Ronald SoLIDO and Joseph Stern
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Ronald SoLIDO: Pakistan Institute of Development Economics
Joseph Stern: Pakistan Institute of Development Economics

The Pakistan Development Review, 1965, vol. 5, issue 2, 249-270

Abstract: The import substitution effort will have to be intensified, pacticuiarly in capital goods and intermediate products, like base metals. chemicals, petroleum products and non-metallic minerals ... The scarcity price of foreign exchange should be appropriately reflected to the eCGn:>my so that there is an incentive to use less foreign exchange and more domestic resources. This will call for a revision in the present tariff policy

Date: 1965
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