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The Rise and Fall of Import Substitution

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NBER2020-10-01 更新2025-01-04 收录
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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

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2020-10-01
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