Multinational Corporations And The Developing World Nov 15, 2009
Firstly, the investment will represent a direct flow of capital into the country and secondly, in the long term, the MNC investment is likely to result in both import substitution and export promotion, for, goods previously purchased as imports could now be produced locally. Despite the gains, multinational investment may not always be beneficial either in the short or long term with particular reference to the developing world. (Ghana Web, Ghana)
Private investments vital for income growth Nov 2, 2009
Malaysia has moved from import substitution industrialisation to export-oriented manufacturing. A major criticism for the reliance on export-oriented industries is the perception that we are a low cost producer and we have enough supply of labour. (The Star Online, Malaysia -- Business)
Red meat back on (some) Russian tables Oct 21, 2009
In July, Zubkov tried to repoint the import substitution strategy long into the future ... The promise of import substitution in pork had been showing signs of success before the crash, he notes, and the pork import level has been declining, while domestic production was cranking up. (Asia Times Online)
Funding for Youth In Agriculture Programme to increase by 500% Oct 16, 2009
"Our policy is to encourage import substitution by increasing the production of crops and livestock in areas of comparative advantage, to the country to cut down on foreign exchange rate," he said. He said government was implementing a farm mechanisation concept by providing tractors at affordable rates, to groups and individuals to provide ploughing services to rural farmers at low costs to enhance their production. (Ghana Web, Ghana)
China's decade? Don't bet on it Oct 14, 2009
Reliance on exports and import substitution to lead China's economic growth has been supported by China's policy of maintaining what has become an increasingly undervalued exchange rate. Up to now, China's growth model has delivered impressive results. (MSNBC -- Business)
Prices of oil defy logic of supply and demand Jun 29, 2009
For three decades after the National Party came to power in 1948, it pursued a policy of import substitution to protect local industry. The policy allowed major players to dominate the market - a domination that was challenged only when the economy opened up in 1994. (Business Report, South Africa)
Indian firms' foreign purchases: Gone shopping May 29, 2009
INDIANS are fond of shopping abroad, a habit left over from the era of import substitution, when they had to put up with shoddy homespun goods in the name of national self-sufficiency ... In the bad old days of import substitution, Indians coveted any tat from foreign , just because its origins lay elsewhere. (The Economist)
Obama Visits Mexico, Where the News Isn't All That Bad Apr 16, 2009
Despite all this, Mexico's economy has always had vast potential, but during the PRI ascendancy, the nation was closed off from world trade, in thrall to discredited theories of import substitution. The earthquake shook up more than the capital city. (Time.com)
EDIT | Not Gloom And Doom Apr 11, 2009
With capital goods growth up while non-oil imports have dipped, it may also be asked if some import substitution is benefiting domestic producers. Plus, there's rising rural demand, whether for fast-moving consumer goods or white goods. (India Times, India)
Response to Dr. Nduom's stimulus package Apr 11, 2009
Aside their ideological flavour of import substitution, Dr. Nduoms proposals are an eloquent expression of the long held need for a fundamental restructuring of the Ghanaian economy, which many Governments over the past have been unable to do. What is important to understand therefore is that a stimulus package is supposed to be a short to medium term direct policy intervention that corrects a distortion in a domestic market condition to abate the slide of demand, maintain or create jobs, and... (Ghana Web, Ghana)
TWO VIEWS: 'Buy American' rules hurt trade, make U.S. less competitive Mar 29, 2009
Many countries have adopted domestic preferences for state-owned companies, investment restrictions and import substitution polices that inhibit U.S. exports. By contrast, the United States has chosen to reject such protectionism and lead by example. (Fresno Bee -- Opinion)
Asia.view: The export trap Mar 26, 2009
Special efforts must be made in many countries to turn their manufacturing enterprises away from the relatively small markets associated with import substitution toward the much larger opportunities flowing from export promotion, instructed the then-president of the World Bank, Robert McNamara, in 1975. Now, however, Asia s sails have become anchors; the emphasis on exports is amplifying the effects of the downturn. (The Economist)
Mycron banks on three-pronged strategy for recovery Mar 24, 2009
The CRC is currently imported, so what we are doing is import substitution, Azlan said, adding that there were two electro galvanising manufacturers with a capacity for 250,000 tonnes of CRC per annum in the country. Mycron is also eyeing the export market, especially the Asean region. (The Star Online, Malaysia -- Business)
Affordable electricity essential for eliminating poverty Mar 13, 2009
The country's industrial policy, largely inherited from apartheid South Africa, was predicated, among other key economic elements, on import substitution, cheap energy and the export of commodities. Driven by this policy, resource beneficiation was promoted to capture the value of "raw materials" for the economy. (Business Report, South Africa)
Ceramic to remain profitable in spite of bad global outlook Mar 11, 2009
Ceramic said that in spite of weaker demand, the firm was well-positioned to continue enjoying the relative benefit of import substitution as South African retailers switched to locally made tiles, while the rand remained weak. Ceramic had trimmed stock after previously being caught overstocked and "got the debtors book under control", Booth said. (Business Report, South Africa)
The Importance of Southeast Asia's ... Mar 7, 2009
Over time, nations became increasingly welcome to overseas investments, shunning forms such as import substitution or socialist economies. This is notably in leveraging on large pools of labour to focus on manufacturing, such as of textiles, automobile parts, and electronic goods. (Suite101.com)
Ghana At Fifty-Two (52) In Retrospect Feb 27, 2009
The legend Dr. Kwame Nkrumahs dream has been that, independent Ghana would become self-reliant through import substitution and indigenization. To bridge the yawning gap between the north and south of Ghana by the introduction of the 50 year northern education scholarship. (Ghana Web, Ghana)
Asia: The coming fury Feb 11, 2009
In the mid-1970s, then-Bank president Robert McNamara enshrined it as doctrine, preaching that "special efforts must be made in many countries to turn their manufacturing enterprises away from the relatively small markets associated with import substitution toward the much larger opportunities flowing from export promotion." ... Both realized import substitution industrialization could continue only if domestic purchasing power were increased via significant redistribution of income and wealth,... (Asia Times Online)
