Tariff Protection, Import Substitution and Investment Efficiency

Ronald Soligo and Joseph Stern

Chapter 4 in Growth and Inequality in Pakistan, 1972, pp 132-148 from Palgrave Macmillan

Abstract: Abstract A chronic deficit in the balance of payments is a problem which plagues almost all developing countries. In Pakistan, as in other countries, the development plans have contained a two-pronged approach to the problem: to increase exports and to reduce the need to import through a process of import substitution. Exports have been encouraged by giving numerous concessions and subsidies to the exporting firms1 but the best known and most successful of the export-promotion schemes is the bonus-voucher system.2

Keywords: Foreign Exchange; Real Income; Import Substitution; Domestic Price; Official Rate (search for similar items in EconPapers)
Date: 1972
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DOI: 10.1007/978-1-349-01275-6_5

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