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Industrial policy: ISI

Industrial policy: ISI. Import-substituting industrialization Definition Substituting domestic industrial production of goods that had previously been imported. Industrial policy: EOI. Export-oriented industrialization Definition Promotion of manufacturing for foreign—not domestic—markets .

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Industrial policy: ISI

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  1. Industrial policy: ISI • Import-substituting industrialization • Definition • Substituting domestic industrial production of goods that had previously been imported

  2. Industrial policy: EOI • Export-oriented industrialization • Definition • Promotion of manufacturing for foreign—not domestic—markets

  3. Development strategies • Definition • Sets of government policies that • Affect the domestic allocation of resources among industries and social groups • Shape a country’s relationship to the global economy • ISI and EOI are building blocks of development strategies

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