A Reconsideration of Import Substitution

H.J. Bruton

Center for Development Economics from Department of Economics, Williams College

Abstract: One of the earliest general strategies of development that directly involves international transactions is that usuallly called import substitution. This paper studies the import substitution story -why and how it came to be -and the rise of the outward-oriented approach (a contrary approach to import substitution) -why and how it came to be and -temporarily at least- to win the battle between the two approaches. Then it examines the dounts that have arisen with respect to the latter approach, and the nature of the new tensions that now exist with respect to an appropriate trade strategy.

Keywords: IMPORTS; TRADE; ECONOMIC DEVELOPMENT (search for similar items in EconPapers)
JEL-codes: F13 O11 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (124)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wil:wilcde:156

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Center for Development Economics from Department of Economics, Williams College Williamstown, MA 01267. Contact information at EDIRC.
Bibliographic data for series maintained by Stephen Sheppard ( this e-mail address is bad, please contact ).