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Import substitution as a complementary strategy

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  • A. A. Gnidchenko

    (Russian Academy of Sciences)

Abstract

Import substitution policy in various countries is often used not as an alternative, but rather as a complement to export promotion policy. The article shows that, without such a complement, the outward-oriented strategy is often incapable of ensuring economic growth. The work is based on an analysis of a wide range of the literature on the relationship between export orientation and economic growth, as well as on applying elements of the import substitution strategy in various countries.

Suggested Citation

  • A. A. Gnidchenko, 2017. "Import substitution as a complementary strategy," Studies on Russian Economic Development, Springer, vol. 28(6), pages 593-599, November.
    • Handle: RePEc:spr:sorede:v:28:y:2017:i:6:d:10.1134_s1075700717060028
    DOI: 10.1134/S1075700717060028
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