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The Rise and Fall of Import Substitution

SSRN Electronic Journal, 2020
Abstract In the 1950s, many economists believed that import substitution – policies to restrict imports of manufactured goods – was the best trade strategy to promote industrialization and economic growth in developing countries. By the mid-1960s, there was widespread disenchantment with the results of such policies, even among its proponents.
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ON THE IMPORT INTENSITY OF IMPORT SUBSTITUTION

Kyklos, 1965
SUMMARY This paper deals with several issues related to the impact of import substitution on a country's demand for imports. With the help of a simple model, it points out that once a given rate of growth has been reached and is maintained through time, the fact that investment expenditures have a high import component will not give rise to balance of
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Imports and Import Substitution in Russia

World Economy and International Relations, 2012
The crisis of 2008 once more highlighted the problems of Russia economic security, of judicious combination of domestic production and imports, of protecting the interests of Russian producers. At this point, import performs quite important functions in the domestic reproduction process.
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The Importance of Substitution

1982
The objectives of this study were discussed earlier. At this point it is sufficient briefly to reaffirm the interest of this analysis in the measurement of agricultural levels of protection, in general, and with the rate of protection given to the different livestock production activities of British agriculture, in particular.
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Import Substitution in Leontief Models

Econometrica, 1954
IN A TYPICAL Leontief model, there is a unique method of production for each product. Hence, if a given bill of final goods is specified, the output of each industry is uniquely determined, there being no possibilities of substitution. Professor Chenery, in a contribution to a study of the industrial structure of the Italian economy ([1], Chapter II ...
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Elasticities of Substitution for the Japanese Imports

The Review of Economics and Statistics, 1972
Although lack of price data on beer for the past decade makes prediction impossible, we note that from 1962 to 1969 per adult beer consumption increasec1 by 16 per cent (USBA, 1970, p. 59) while real, per capita income rose by 27 per cent. Assuming stable real prices for beer, the implied income elasticity is 0.59.
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Beyond Import Substitution

Latin American Perspectives, 1992
By the beginning of the 1970s it had become evident that the countries of Latin America needed to revise their model of development. The importsubstitution model had generated very rapid industrialization, especially in Brazil and Mexico, during the postwar period, but it had begun to exhibit clear signs of exhaustion.
Diana Alarcón, Terry McKinley
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Import Substitution in Tourism

2023
This entry analyses the importance of import substitution in tourism and its role in contemporary tourism development.
Petrić, Lidija, Krajinović, Vanja
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Import Substitution in Russia

2021
Since 2000, the Russian government has tried hard to develop the local manufacturing sector and domestic service industry in order to replace foreign products with Russian goods (import substitution). The main goal of this strategy was to increase domestic production and to diversify the Russian economy, which was heavily dependent on oil and gas ...
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Import Substitution Industrialization

2018
From the 1930s to the early 1960s, a growth strategy known as import substitution industrialization (ISI) dominated economic planning in Latin America. Although the region has long since undergone a reversal of the ideology associated with ISI, the economic structure in place today contains vestiges of this attempt to achieve industrial self ...
Eliana Cardoso, Ann Helwege
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