Import substitution industrialization

Import substitution industrialization (ISI) is a protectionist trade and economic policy that advocates replacing foreign imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.

Source: Wikipedia — Import substitution industrialization (CC BY-SA 4.0)

Import substitution industrialization

Import substitution industrialization (ISI) is a protectionist trade and economic policy that advocates replacing foreign imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.

Source: Wikipedia "Import substitution industrialization" · CC BY-SA 4.0

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