Chapter 20.1 - International Trade Strategies

Chapter 20

By John Werner

Test Your Understanding 20.1

1a. Import Substitution

What is a good definition?​

Explain why it has an "inward orientation".​

Test Your Understanding 20.1

1b. Import Substitution in the 1950's

What were some factors that led most developing countries to adopt import substitution as an industrialisation strategy in the 1950s?

Test Your Understanding 20.1

1c. Key Policies for Import Substitution

Explain some of the key policies that were associated with import substituting strategies.

Test Your Understanding 20.1

2a. Export Promotion

What is a good definition?

Explain why it has an "outward orientation".​

Test Your Understanding 20.1

2c. Key Policies for Export Promotion

Explain some of the key policies that were associated with export promotion.​

Test Your Understanding 20.1

2b. Export Promotion During the 1960's

What were some of the countries that adopted an export orientation during the 1960s, and what prompted them to do so?