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Export Promotion Strategy Vs Import Substitution

Export Promotion Strategy Vs. Import Substitution Strategy

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Title: Export Promotion Strategy Vs. Import Substitution Strategy

Essay Details:

Subject: Business

Author:

Date: November 18, 2012

Level: University

Grade: A

Length: 6 / 1706

Essay text:

Data from the World Bank (1993) showed that the real GDP of EOIs (7.6%) grew faster than IS countries (3%) during 1965-1990. There is no doubt that EOIs outperformed countries that adopted IS strategy in terms of economic development. However, are there any other aspects that EP is better than IS? In this essay, the detailed comparisons between these two strategies will be discussed in three main parts: (1) industrial sector; (2) agriculture and service sector; and (3) international trade policy. Also, the merits of IS and the limits of EP will be mentioned. 2. Comparisons between EP and IS 2...

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