#ImportSubstitution

2019-01-17

@msh
> it sounds like an economic "perpetual motion machine"

This idea rests on the #NeoClassical assumption that economic energy pours into a country's economy from the outside. But that's only true to the degree that the country imports stuff from outside. #FreeTrade Suppression Treaties (PR name "free trade agreements") often have clauses preventing #ImportSubstitution to force countries to import more stuff, whether they need it or not, and thereby, force them to export more.
@clacke

Client Info

Server: https://mastodon.social
Version: 2025.04
Repository: https://github.com/cyevgeniy/lmst