The advantages and disadvantages of protection as an instrument of industrialization policy in developing countries are examined. While there are strong arguments for moderate levels of protection as an instrument of industrialization, in the past many nations have used protection and import substitution excessively with counterproductive economic and social effects. This does not mean, however, that some measure of protection, varying with a country's...
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INFORMATION
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1973/10/31
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Document de travail des services de la Banque mondiale
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SWP164
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1
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1
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2010/07/12
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Disclosed
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Protection and development
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import substitution
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