Industrial policy: ISI

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Presentation transcript:

Industrial policy: ISI Import-substituting industrialization Definition Substituting domestic industrial production of goods that had previously been imported

Industrial policy: EOI Export-oriented industrialization Definition Promotion of manufacturing for foreign—not domestic—markets

Development strategies Definition Sets of government policies that Affect the domestic allocation of resources among industries and social groups Shape a country’s relationship to the global economy ISI and EOI are building blocks of development strategies

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