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Preferred term

import substitution industrialization  

Definition

  • Import substitution industrialization (ISI) is an approach to national development based on the notion that conditions in the developing world vary markedly from conditions in the developed world. In an attempt to reconcile some of these differences, ISI relies on strong state intervention to protect developing industries from competition with foreign firms. [Source: Encyclopedia of Geography; Import Substitution Industrialization]

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URI

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

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