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Import substituting industrialization has increasingly come under criticism as a strategy for economic growth in the less developed countries. Many economists, in both the developed and less developed countries, have become highly skeptical of the benefits of inward looking development and have...
Persistent link: https://www.econbiz.de/10009646995
In the less developed countries employment generation has emerged as a major problem. Those countries characterized by import substituting industrialization have been especially unable to expand employment opportunities, and their industrialization has been capital intensive in nature. Two...
Persistent link: https://www.econbiz.de/10009647137