import-substitution industrialization

Show Summary Details

Quick Reference

An economic strategy aimed at encouraging national industrial growth so as to reduce imports of manufactured goods. It was associated with the United Nations Commission for Latin America and put into practice during the 1960s. It is now generally accepted that the policy was a failure, as a strategy for industrialization, and it was progressively replaced by a greater emphasis on export-led industrialization.

Subjects: Politics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.