Work

An Appraisal of The Import Substitution Strategy from A Structural Economic Dynamic Approach

Year: 2010

Type: article

Abstract: This paper seeks to establish that a Structural Economic Dynamic (SED) approach toward understanding the Import Substitution Strategy (ISS) offers a superior method relative to the Neoclassical approach. It is argued that the latter fails to fully account for the role of demand and hence, the structural dynamics of underdeveloped economies, when considering the shortcomings of the ISS. Argued as relatively superior to the Neoclassical view, the SED approach considers the evolution of preferences as a variable driving change, shedding new light on main channels of North-South interdependence.

Source: RePEc: Research Papers in Economics

Authors: Ricardo Azevedo Araújo, Joanı́lio Rodolpho Teixeira

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W1604601380

FWCI:

Cites: 25

Cited by: 1

Related to: 10