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Exports Under an Import Substitution Trade Regime: An Alternative View

Author

Listed:
  • Donghyun Park

    (Nanyang Technological University, Singapore)

  • Jung Hur

    (National University of Singapore)

Abstract

Along with export promotion (EP), import substitution (IS) is one of the two main trade strategies for developing countries. We show that an IS industry may remain an infant and still be able to export. Therefore, the ability to export is not necessarily evidence of import substitution being effective in the sense of helping a protected domestic industry achieve international competitiveness over time.

Suggested Citation

  • Donghyun Park & Jung Hur, 2002. "Exports Under an Import Substitution Trade Regime: An Alternative View," Economics Bulletin, AccessEcon, vol. 6(5), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-02f10004
    as

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    References listed on IDEAS

    as
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    3. Bruton, H.J., 1998. "A Reconsideration of Import Substitution," Center for Development Economics 156, Department of Economics, Williams College.
    4. Henry J. Bruton, 1998. "A Reconsideration of Import Substitution," Journal of Economic Literature, American Economic Association, vol. 36(2), pages 903-936, June.
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    JEL classification:

    • F1 - International Economics - - Trade

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