Scenarios about 'import substitution industrialization'
A development strategy adopted by many developing nations, particularly in Latin America and South Asia, where countries attempt to reduce foreign dependency by producing previously imported goods domestically. Import substitution industrialization typically involves protective tariffs, subsidies for local industries, and state intervention to nurture nascent manufacturing sectors. This economic approach gained prominence in the mid-20th century as newly independent states sought economic sovereignty and to break colonial trade patterns.
What If Latin American Universities Developed Different Industry Relationships?
Exploring the alternate timeline where Latin American universities formed strong industry partnerships during the mid-20th century, potentially transforming the region's economic development, innovation ecosystem, and global standing.
What If Singapore Developed Different Economic Strategies After Independence?
Exploring the alternate timeline where Singapore pursued protectionist policies and import substitution rather than export-oriented industrialization, dramatically altering the city-state's development trajectory and Southeast Asia's economic landscape.