What are the import substitution policies, Business Economics

Assignment Help:

What are the import substitution policies?

Import substitution policies are as follows:

  • Need trade restrictions for example, tariffs and quotas to defend infant industries.
  • Nonetheless protecting domestic industries through world-class competitors results into low productivity, inefficiency and high unit costs

• Consumers pay higher prices as well as suffer a loss of consumer surplus.

 


Related Discussions:- What are the import substitution policies

Development through resource transfer - low income countries, DEVELOPMENT T...

DEVELOPMENT THROUGH RESOURCE TRANSFER is explained below The chief idea here was that (as mentioned previous) poor countries suffered from the savings and foreign exchange gaps

Business report, is it possible to prepare business report on company named...

is it possible to prepare business report on company named US Select Private Opportunities Fund II

What do you meant by the term outsourcing, Problem: (a) What do you me...

Problem: (a) What do you meant by the term "Outsourcing"? (b) Outsourcing services will be categorized into two groups namely Technology Services and Business Processes.

How is the equality of income distribution measured, How is the equality of...

How is the equality of income distribution measured? The Gini coefficient is a statistical type measure of income distribution. This Gini coefficient is: • 0, which impl

Controlling the supply of money, This is concerned with any one of the foll...

This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks

What is rostowís model, What is Rostowís model? Rostowís Stages of Gro...

What is Rostowís model? Rostowís Stages of Growth model argues to attain modernity all countries pass through similar stages of development as explained as follows: a. Sta

Production, What is the definition of land productivity?

What is the definition of land productivity?

Important to the success, Brand names can be important to the success of a ...

Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competitio

What are rostowís policy implications, What are Rostowís policy implication...

What are Rostowís policy implications? • LDCs (Less Developed Countries) require aid. The development procedure can stall at the Take Off stage for be short of savings. 15

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd