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Import substitution

Welcome to the Import Substitution category on Questions LLC! This section is dedicated to providing you with insightful and informative answers about the concept of import substitution. In an era of globalization and interconnected economies, import substitution has become an intriguing and relevant topic. Here, you can explore questions related to the advantages, disadvantages, and implications of import substitution, as well as its impact on domestic industries and the overall economy. Whether you're an entrepreneur, an economist, or simply curious about international trade dynamics, this category will undoubtedly enrich your understanding of this fascinating subject. So, let's delve into the realm of import substitution and get ready to expand your knowledge!

Questions (6)

Import substitution involvesthe reduction of import tariffs so that an economy can export goods that were previously imported.
1. 1 answer
2. asked anonymously
3. 16 views
The substitution of traditional imports by increasing domestic industrial production in Latin America began to fail in the 1960s
1. 4 answers
2. asked by angela
3. 518 views
Because countries cannot produce all of the goods/services that it needs, they must(1 point)Responses Reduce the need for
1. 4 answers
2. asked anonymously
3. 26 views
1,for the country that heavily rely on import do you think that import substitution strategy can be taken as panacea for its
1. 1 answer
2. asked by zed Smart
3. 11 views
Import substitution involves?
1. 1 answer
2. asked anonymously
3. 3 views
Import substitution involvesthe reduction of import tariffs so that an economy can export goods that were previously imported.
1. 1 answer
2. asked anonymously
3. 3 views