Import Substitution
Beginning of paper
Describe (Inward looking) developmental strategy, clearly
outlining the differences between the first and second stage. Assess its
effectiveness in promoting economic development. Compare inward looking and
outward looking strategies and discuss the assertion that the latter is superior.
The Firs ....
Middle of paper
.... level increases, your exchange rate level will decrease in
order to ensure the necessary equilibrium of the balance of payments and the
lower the amount of domestic currency exporters receive per unit of foreign
exchange earned.
There is no need for high protection at the first stage of import
substitution in the replacement of the imports of non-durable consumer goods
(clothing, shoes, household goods, textile fabrics, leather, wood and other
types of inputs) since these commodities e ....
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Word count: 580
Page count: 3 (approximately 250 words per page)
