This paper concerns China's market for medical technologies and how the Chinese state is assisting its own companies to gain greater sales at the expense of producers from Europe and other advanced manufacturing economies. The medical technology sector captures a variety of products, services...

The positive correlation between import tariffs and economic growth across countries in the late nineteenth century suggests that tariffs may have played a causal role in promoting growth. This paper seeks to determine if high tariffs stimulated growth by shifting resources out of agriculture...

This paper assesses the empirical relevance of "dynamic" factors in industrialization in developing countries. Using data from a sample of 91 firms, rates of growth of output per unit of input are calculated. It is shown that there is little basis, at least with regard to Turkish experience, to...

The governments of different countries, regardless of the level of economic growth, try to pursue a policy of macroeconomic management to achieve better economic performance, to increase the level of business activity, to optimize control system and, ultimately, to ensure a better quality of...

The role of exports in promoting economic growth has been widely acknowledged. This paper analyses the link between exports, imports, and growth performance in Kenya using time series data. Despite trade liberalization and export promotion policies pursued over time, Kenya's export growth has...

This paper concerns China's market for medical technologies and how the Chinese state is assisting its own companies to gain greater sales at the expense of producers from Europe and other advanced manufacturing economies. The medical technology sector captures a variety of products, services...

In the 1950s, many economists believed that import substitution - policies to restrict imports of manufactured goods - was the best trade strategy to promote industrialization and economic growth in developing countries. By the mid-1960s, there was widespread disenchantment with the results of...

This study examines the Turkish experience of export-oriented industrialization by emphasizing its linkage to previous capital accumulation model and developments and by the evolution of political and economic institutions. The study emphasizes that the structural drawbacks in Turkish economy...

Why do some countries develop more than others? Do their strategies on international trade have a role on this? In this paper, two different industrialization strategies, import substitution and export promotion, are compared. The advantages and the disadvantages of these strategies on their...

This paper examines the growth trajectory and the current state of the Indian automobile industry, paying attention to factors that underpinned its transition from import substitution to integration into global production networks. Market-conforming policies implemented by the government of...

We use a simple three-sector model to narrate the economic history of Argentina during the twentieth century as seen through the prism of its integration into and dis-integration from the world economy. Assuming that capital moves between the primary and secondary sectors more slowly than labor...

This paper argues that relying on major policy distortions to create a domestic automotive industry through import substitution generates significant costs for the economy, in terms of foregone output, lower consumption, and reduced overall welfare. To bring this issue into sharp relief, the...

Some new features have been added to Russia's import substitution policy. Minpromtorg (Russia's Ministry of Industry and Trade) in April compiled a comprehensive list of foreign-made machinery, equipment and materials which state-owned companies will not be permitted (from 1st of July) to...

As before, the main obstacle to successful import substitution is the absence, in RF territory, of the production of equipment, equipment components and raw materials needed by Russian enterprises. The second issue associated with problematic import substitution is the low quality of domestic...

A considerable debate has taken place among economists and policymakers over the merits of the Import-Substitution Industrialization (ISI) as a strategy for economic development in modern South America. We study quantitatively the effect of the ISI policy and their impact on long-run growth. To...

Governments in various countries, irrespective of the country׳s level of economic growth, seek to initiate macroeconomic policies towards achieving better economic performance in order to advance level of business activities and ultimately, ensure better quality of life for the people. To...

The food embargo has failed to create favorable conditions for Russia's agricultural production to thrive. Instead, such conditions arose as a result of the ruble's devaluation, when imported goods had lost their competitive capacity in Russia's domestic market. On the one hand, the ruble's...

Import substitution in the Russian industry shows obvious signs of a slowdown. Both comparative results of actually implemented import substitution quarter-on-quarter and plans of enterprises for the last quarter of the current year attest to this. At the same time, import substitution of...