import substitutions en Español
The importance of import substitution policies is valid for the government, given the growing merchandize trade deficit.
By 2010, Mill 5000 will enable Russia to solve the issue of import substitution for high quality broad plates designed for pipe production, the nuclear industry, shipbuilding, and the military-industrial sector.
However, "the resulting import substitution policies, infant industry protection measures and non-tariff barriers have hampered non-commodity intraregional trade" while also not being very successful in moving countries away from commodity dependence.
Import substitution takes place before your eyes: a clothing store that last year sold only imported apparel, now sells only domestically produced goods.
They have lost the traditional economic moorings that closed and import-substitution regimes provided, without getting much benefit from widening global markets.