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La economía política de la industrialización a través de la sustitución de importaciones en América Latina

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  • Hirschman, Albert O.

Abstract

This paper seeks to describe the characteristics and diverse cases of import-substituting industrialization (ISI) to understand the socio-political consequences that affect the process. It focuses on the Latin American context of late industrialization and addresses the difficulties that this process may have. It is made up of the following sections: Introduction: Disenchantment with industrialization in Latin America; I. Four impulses of import-substituting industrialization; II. Characteristics of the initial phase of ISI; III. The alleged exhaustion of ISI; IV. Economic, political and technological determinants of backward linkage; V. The inability to export manufactures: “Structural” causes and remedies; Conclusion.

Suggested Citation

  • Hirschman, Albert O., 2025. "La economía política de la industrialización a través de la sustitución de importaciones en América Latina," El Trimestre Económico, Fondo de Cultura Económica, vol. 92(365), pages 239-275, enero-mar.
  • Handle: RePEc:elt:journl:v:92:y:2025:i:365:p:239-275
    DOI: https://doi.org/10.20430/ete.v92i365.2699
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    More about this item

    Keywords

    Import-substituting industrialization; Latin America; backward linkages; manufacture imports.;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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