WebDuring the first seven Five-Year plans, the trade policy was characterised by the inward-looking trade strategy. This strategy is known as import substitution. ... It helped in solving the unemployment problem, as industrialisation takes place at a fast rate and absorbs unemployed people. WebOne important aspect of current government economic thinking is that of inward industrialisation. In turn, subcontracting is seen as one of the ways of promoting …

What Is Import Substitution Industrialization (ISI)? - Investopedia

WebInward industrialisation Isolation & sanctions New political dispensation & economic reforms and restructuring Moreover, the government of the time adopted a policy of inward industrialisation in an attempt to establish a strong domestic manufacturing industry in South Africa as it strived for self-sufficiency. Web16 dec. 1995 · industrialisation in the framework of developmentplanning. With the Second Five-Year Plan which was launched in the mid-1 950s, the Indian industrialisation … multiple switches on one account

Industrialisation and Foreign Trade - JSTOR

WebInward looking trade strategy : In the first seven plans trade was characterised by what is commonly called inward looking trade strategy. Technically this strategy is called import substitution. This policy aimed at replacing or substituting imports with domestic production. For example, instead of importing vehicles made in a foreign country, industries would be … WebThe aim is to investigate the recent emergence of worker co-operatives or “people's factories” in South Africa. The development of South African worker co-ops is situated in … Web1 dec. 2014 · Inward-Looking Industrialization is the most expensive strategy. One of the reasons it has failed is because the cost of implementing a true ISI strategy is … multiple symptom atrophy disease