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
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 are the main criticism of import substitution industrialisation
P. Masette Kuuya has written: 'Import substitution as an industrial strategy'
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
Explain how entrepreneurship can lead to import substitution and utilization of resources
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.
import substitution(impex) and export promotion(exim)
protectionist policies were emphasized
What would be one effect of import substition on the balance of trade of a country
In managing a keyword strategy, elimination involves removing underperforming keywords, while substitution involves replacing them with more effective ones.