IDSA01H3 Study Guide - Final Guide: Import Substitution Industrialization, Infant Industry Argument
6 Aug 2015
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Q. 1 the four factors that distinguish between import substitution industrialization and export. Oriented industrialization (week 6 lecture slide) (or week 4 material) Import-substituting industrialization: replace foreign imports with domestic production protect domestic industries (e. g. , india, brazil, export-oriented industrialization. Instead of import substituting industrialization, several countries adopted trade policies that promoted exports in targeted industries. State still intervened e. g. , to mobilize labour: e. g. , philippines and pakistan, both states welcomed foreign capital investment (private and aid, economic outcomes. Imported production materials/technologies: generation of domestic industries; but, used low cost labour and resources, export production channeled toward stimulating foreign consumption. Modern" sectors of economy became export enclaves: effect slow growth, high concentration of wealth, vast inequality. Q. 2 distinguish between progress" and development" and using examples from lectures and the readings, discuss the ways in which progress" continues to influence the meaning and practice of development. (in post development readings)
