Abstract

After clarifying the widespread terminological confusion regarding ‘import-substitution’, ‘export-promotion’ and ‘free trade’, this article focuses on an interesting debate about their complementarities. Particular attention will be paid to whether the simultaneous implementation of import-substitution and export-promotion neutralises each other and leads to free trade results. It will be argued that although this debate is stimulating, it has a number of important limitations and has very little bearing to actual trade policy implementation.

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Additional Information

ISSN
1548-2278
Print ISSN
0022-037X
Pages
pp. 45-63
Launched on MUSE
2009-05-07
Open Access
No
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