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These were the most-successful cases of the export-led industrialization strategy adopted by many countries in the 1970s.
The current level of oil prices has given the country's industrialization strategy a new spring, allowing the government to improve its finances while investing in large infrastructure projects.
This decline in the terms of trade was used as a strong argument in support of the move of the developing world toward autarky in the 1940s and 1950s, within the context of a highly interventionist industrialization strategy.
Three major ones are: given its limited domestic resource base, the import-substitution industrialization strategy has therefore been vulnerable to the resource deficit, in the efforts to replace imports.
This scenario pushed many developing countries into autarky in the 1940s, 1950s, and 1960s, in a context of a highly interventionist industrialization strategy which is usually known as "import substitution industrialization" (ISI).
Current efforts between the two regional powers in fostering industrial co-operation should be nurtured and Nigeria needs to learn from China's industrialization strategy of dedication, pragmatism and long-term planning (Ministry of Foreign Affairs, 2015).
Similar(51)
Turkey began implementing planning programs to improve its industrial production using import substitution industrialization strategies.
Although the decline of import-substitution industrialization strategies and the rise of neoliberalism have greatly reduced the protectionist aspect of reactive regionalism, the idea of providing a common level of shelter for internal producers does remain in integration projects such as the South American trade bloc Mercosur.
The concept of projects is captured implicitly via increases/decreases of capability levels Supports the selection and scheduling of process improvement projects along established industrialization strategies, accounting for process characteristics that reflect how work is performed and organized.
To list some recent examples: Taking a project portfolio perspective, Linhart et al. (2015) analyze which projects to implement over time to improve an individual process along established industrialization strategies.
This kind of trade dominated import substitution industrialization (ISI) strategy was typical already in Italian city states.
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