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import substitution       Search catalogue 294916598

STA
Approved

UPD
2012-03-23

DUT
importsubstitutie

IND
1

MIS
A strategy aimed at reducing imports in order to encourage the production of domestic substitutes. Import substitution is pursued in particular by developing countries as a means of promoting domestic industrialization and conserving scarce foreign currency resources. By limiting or removing competing imports through the use of quotas, tariffs, etc., the country aims to establish its own manufacturing industries which, initially, can be expanded to cater for the domestic market, and at a later stage develop an export trade. (import substitution. Collins Dictionary of Economics (2000). Retrieved 30 July 2003, at www.xreferplus.com/entry/1411144)

PPN
294916598

UDC
382.5:382.16

SN
Designates government policy aimed at reducing imports in order to encourage the production of domestic substitutes

MRF
351.824.5

BT1
trade policy

RT
imports

BSO
11.01.01 ECONOMY AND ECONOMIC DEVELOPMENT

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