Wednesday 30 May 2012

Import substitution in Argentina

In the days before globalization New Zealand used to restrict imports of goods that could be manufactured in New Zealand.

These days, by comparison with the past there is hardly any manufacture at all.
Foreign goods disappear from Argentina's shelves

In Argentina the Apple computer stores are almost empty. Imported Parma hams, and French cheeses, are not being allowed into the country. Even vital materials for Argentina's automobile and pharmaceutical industries are unavailable.

It's all part of government crackdown on foreign imports to the country to stimulate local industry and protect the trade balance.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.