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Import substitution is crucial to export promotion as it encourages domestic production, reduces dependency on foreign goods, and helps build a competitive local industry. By fostering local manufacturing, countries can enhance their self-sufficiency and create jobs, leading to economic stability. Additionally, a strong domestic market can support the development of export-oriented industries by providing a base for innovation and quality improvements. Ultimately, balancing import substitution with export promotion can lead to sustainable economic growth and a more resilient economy.
what is d difference between import substitution and export promotion
import substitution
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
gererate employment
what are the main criticism of import substitution industrialisation
Import substitution is crucial to export promotion as it encourages domestic production, reduces dependency on foreign goods, and helps build a competitive local industry. By fostering local manufacturing, countries can enhance their self-sufficiency and create jobs, leading to economic stability. Additionally, a strong domestic market can support the development of export-oriented industries by providing a base for innovation and quality improvements. Ultimately, balancing import substitution with export promotion can lead to sustainable economic growth and a more resilient economy.
what is d difference between import substitution and export promotion
import substitution
Domestic Import was created in 2006.
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
The duration of Domestic Import is 1.7 hours.
Historically, France had a strong textile industry that produced high-quality fabrics, making them less reliant on imports. Additionally, protective trade policies and regulations limited the import of foreign textiles to protect the domestic industry.
gererate employment
cotton
Explain how entrepreneurship can lead to import substitution and utilization of resources
Domestic Import - 2006 is rated/received certificates of: USA:PG-13