Import Propensities of Industrialized Countries

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The analysis delves into the import patterns of various countries, particularly focusing on industrialized nations within the global trading system. It identifies active importers and those importing less than anticipated, incorporating controls for wealth, size, and customs memberships. The findings suggest that countries with lower-than-expected import levels may effectively shield their domestic industries from foreign competition. Notably, the study evaluates Japan's historical import behavior, linking it to protective barriers in its domestic market.