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صنایع جایگزین واردات
I discuss below three sets of investment strategies briefly, to elucidate this central point and to highlight the diversity of paths taken to greater prosperity: import-substitution, East-Asian style outward orientation, and two-track reform strategies.
Import-substituting industrialization (ISI).
Import-substituting industrialization (ISI) is based on the idea that domestic investment and technological capabilities can be spurred by providing home producers with (temporary) protection against imports.
Was this the result of the "exhaustion" of import-substitution policies?
But as in other developing countries, policy makers had to contend with the import-substituting industrialists who had been propped up by the restrictive commercial policies of the early 1960s prior to independence.
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