Import substitution as a complementary strategy

Andrey Gnidchenko

Studies on Russian Economic Development, 2017, vol. 28, issue 6, 593-599

Abstract: Abstract Import substitution policy in various countries is often used not as an alternative, but rather as a complement to export promotion policy. The article shows that, without such a complement, the outward-oriented strategy is often incapable of ensuring economic growth. The work is based on an analysis of a wide range of the literature on the relationship between export orientation and economic growth, as well as on applying elements of the import substitution strategy in various countries.

Date: 2017
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DOI: 10.1134/S1075700717060028

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