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Import substitution and export promotion strategies in economic policies of foreign countries

Author

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  • Nikita Yurievich Mukhin

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

In the article, the author considers the basic strategy of economic development that have received wide recognition in the world economy and put into practice in many developing countries and certain regions of developed countries, in particular import substitution strategy and the strategy for stimulating the production of export goods and promoting exports employed in the countries of Latin America and South-East Asia. The theoretical basis of these strategies,their positive and negative aspects are analyzed; the conditions that allow their effective implementation are evaluated.

Suggested Citation

  • Nikita Yurievich Mukhin, 2016. "Import substitution and export promotion strategies in economic policies of foreign countries," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 2, pages 103-112, February.
    • Handle: RePEc:alq:rufejo:rfej_2016_02_103-112
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    Cited by:

    1. Sergey Ivanovich Gorbunov* & Irina Fedorovna Sukhanova & Mariya Yuryevna Lyavina, 2018. "Development Prospects of the Food Export Potential of Russia in Terms of Import Substitution," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 115-120:3.

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