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In response to the Great Depression, successive governments from the 1930s to the '70s pursued a strategy of import substitution designed to transform Argentina into a country self-sufficient in industry as well as agriculture.
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Manufacturing became an instrument of development policy, and government assistance was provided in several forms, including by imposing protective tariffs designed to increase employment through import substitution and by the deliberate seeding of selected population centres with government-aided industries.
Although agriculture kept the bulk of the labor force, the importance of manufacturing workers increased for import substitution industrialization.
The Peronist policy of import substitution was not an integrated, well thought plan.
Accordingly, his first government was pragmatic: they nationalised, tried import substitution, confiscated US property, and rolled out universal healthcare, but the project was as much nationalist as communist.
Industrialization is restricted largely to import substitution.
Then we could go for import substitution.
Import substitution may be appropriate to some, but not others.
The economy grew 3.5% per year from 1960-79, under the widely criticised policies of "import substitution".
On national levels, revival of the "import substitution" model; an emphasis on local production for essential needs, rather than trade.
In Latin America it was mainly deployed in the cause of import substitution.
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