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social science subjects > economics > applied economics > development economics > import substitution
... > social science subjects > economics > applied economics > economic geography > development economics > import substitution
... > social science subjects > geography > human geography > economic geography > development economics > import substitution
... > social science subjects > economics > economic concepts > political economy > economic geography > development economics > import substitution
... > social science subjects > politics and international relations > political science > political economy > economic geography > development economics > import substitution
... > social science subjects > business and management > international business > economics of international business > economic theories of international business > import substitution

Preferred term

import substitution  

Definition

  • Import substitution was a strategy for economic development that was popular in the 1950s and 1960s. Advocates of import substitution development strategies believed that industrialization was the key to economic development and looked for policies that would encourage domestic industries to grow. [Source: Encyclopedia of Business in Today's World; Import Substitution]

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https://concepts.sagepub.com/social-science/concept/import_substitution

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