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The research paper examines the debate surrounding Import Substitution Industrialization Strategy (ISI), contrasting the perspectives of neoclassical economists and development economists. It emphasizes the foundational models used by each school rather than their policy suggestions. The analysis concludes that neoclassical critiques of ISI rely on a static equilibrium model, failing to capture the dynamic interplay between economic growth and ISI on a macroeconomic scale.
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Investment in Developing Countries, Liang Hong
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- Released
- 1997
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- (Paperback)
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