A strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by a desire to mimic the industrial structure of adva [..]

A strategy for economic development for a country based on replacing imported goods with domestic production. This is often directed toward imported inputs used for domestic production. The goal of th [..]

the establishment and/or explicit government support for an industry producing goods that were formally exclusively, or nearly exclusively, imported. Usually used in the ELDW to try and add value to d [..]

Definition A method employed by a government to stimulate the economy by substituting domestic products for similar imported products. Import substitution may be encouraged through publicity campaigns [..]

when a country (LEDC) tries to produce all its own goods and services in order to limit imports.

Import substitution refers to a governmental economic strategy to build up a domestic economy by emphasizing the replacement of imports by domestically produced goods. Import substitution aims to gene [..]

A development policy aimed at producing domestically what the state or society currently imports from other states (i.e., substituting its own local products for imported products).

A strategy which emphasizes the replacement of imports with domestically produced goods, rather than the production of goods for export, to encourage the development of domestic industry.

An economic policy and development strategy focusing on the replacement of imports with domestically produced goods, usually accomplished through protectionism, as the route to economic growth. Compar [..]

An attempt by a country to reduce imports (and hence foreign exchange expenditures) by encouraging the development of domestic industries regardless of domestic inefficiencies.

A strategy for economic development for a country based on replacing imported goods with domestic production. This is often directed toward imported inputs used for domestic production. The goal of th [..]

 The process by which countries start to manufacture goods for which they had previously relied on imports.