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Transcript
CHAPTER 36 Economic Growth in Developing and Transitional Economies
Economic Development: Sources and Strategies
Strategies for Economic Development
Exports or Import Substitution?
import substitution An industrial trade strategy
that favors developing local industries that can
manufacture goods to replace imports.
export promotion A trade policy designed to
encourage exports.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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