This study examines the Turkish experience of export-oriented industrialization by emphasizing its linkage to previous capital accumulation model and developments and by the evolution of political and economic institutions. The study emphasizes that the structural drawbacks in Turkish economy...

Some new features have been added to Russia's import substitution policy. Minpromtorg (Russia's Ministry of Industry and Trade) in April compiled a comprehensive list of foreign-made machinery, equipment and materials which state-owned companies will not be permitted (from 1st of July) to...

Russia's import substitution policy has so far failed to have an across-the-board effect. Only a few industries, such as manufacture of metals, textiles, motor vehicles, have managed to replace some of the imported goods with domestically manufactured products. Russia's economy continues to be...

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...