Import Substitution Industrialization and the Effects of Globalization on the Manufacturing Sector in Zambia


Book Description

Research Paper (undergraduate) from the year 2012 in the subject Economics - Case Scenarios, grade: A, ( Atlantic International University ) (School of Business and Economics), course: Globalization and International Development, language: English, abstract: The paper discusses the essence of the Import Substitution Industrialization (ISI) policy adopted by the Zambian government prior to trade liberalization and the effects of globalization on the growth and development of manufacturing sector thereafter. Specifically, the paper analyses the merits and effectiveness of the ISI policy on the growth of the Zambia industry with particular emphasis on the impact of globalization and trade liberalization on the Zambian manufacturing sector and the government possible measures and instruments necessary to maximize the benefits of globalization. The paper proves the heavy impact of trade liberalization on the manufacturing sector in peak period of its implementation. As for the import substitution policy and the effects of globalization on the growth and development of manufacturing sector, the paper also cites these among many other factors as major attributes to a greater extent to the failure of the manufacturing sector to perform to expectation over the peak period of trade liberalization. Government policies to cushion itself from the effects of globalization and to revitalize the manufacturing sector are equally proved to have brought about some favorable results despite the many constraints that the sector has had to face over the years of trade liberalization. The paper concludes by emphasizing the need for the government to continue pursuing policy measures strategically focused on the growth of the sector by seriously taking into consideration its backward and forward linkages in the economy.




Import Substitution Industrialization


Book Description

What is Import Substitution Industrialization The concept of import substitution industrialization (ISI) refers to a trade and economic policy that promotes the replacement of domestic manufacturing for imports from other countries. The idea is predicated on the assumption that a nation ought to make an effort to lessen its reliance on foreign sources by increasing the amount of industrialized goods that are produced domestically. The word is most commonly used to refer to development economics policies that were implemented in the 20th century; nevertheless, economists like as Friedrich List and Alexander Hamilton have been lobbying for its implementation since the 18th century. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Import substitution industrialization Chapter 2: Economy of Paraguay Chapter 3: Tariff Chapter 4: Protectionism Chapter 5: Industrial policy Chapter 6: Prebisch-Singer hypothesis Chapter 7: Non-tariff barriers to trade Chapter 8: Dependency theory Chapter 9: Raúl Prebisch Chapter 10: Structural adjustment Chapter 11: Export-oriented industrialization Chapter 12: Development theory Chapter 13: Economic history of Nicaragua Chapter 14: Developmental state Chapter 15: Economic history of Brazil Chapter 16: Economic history of Turkey Chapter 17: Structuralist economics Chapter 18: Mexican miracle Chapter 19: Economic history of Colombia Chapter 20: British investment in Argentina Chapter 21: Economic history of Ivory Coast (II) Answering the public top questions about import substitution industrialization. (III) Real world examples for the usage of import substitution industrialization in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Import Substitution Industrialization.







Industrial Diversification in Zambia


Book Description

Monograph on production diversification in the manufacturing sector in Zambia in the period from 1964 to 1970 - covers industrialization policy, the market for industrial products and the scope for import substitution, the availability of natural resources, industrial promotion, the economic implications of EAC membership, location of industry and the development potential of rural industry, etc. Bibliography pp. 322 to 328, references and statistical tables.




Import Substitution, Trade, and Development


Book Description

Monograph on theoretical and practical aspects of import substitution policy in developing countries and least developed countries - examines import substitution as a source of industrial growth and as a feasible strategy for improving those countries' trade and balance of payments. Bibliography pp. 109 to 119, graphs and statistical tables.




Trade and Industrial Development in Africa


Book Description

This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa's development. It uses data drawn from national development plans and strategies, and trade and industry issues have been prioritized at the continental level, in key policy documents. On the whole Africa's industry and trade performance have been poor in spite of national, regional, and continental plans. The contributors to this volume propose some alternative strategies and policies which are necessary for trade and industry to grow and to contribute to the well-being of Africa's people. It calls for a developmental trade and industry policy which, fundamentally, must be people-centred. African states should invest time, energy and resources to develop policies which will take into consideration African realities.The different contributors are aware that Africa has experienced strong economic growth in the recent past but this growth has largely been due to a strong demand for Africa's primary commodity exports. It has also been a result of increases in productivity and domestic investment and remittances from Africans living in the Diaspora. It is important to note that despite this unprecedented growth performance, the impact of trade and industry on development has been limited. The book argues that a structural transformation of Africa's economies is inevitable if Africa is to achieve the shift from the dominant paradigm of production and export of primary goods. The various contributors to this book agree that there is need to rethink policy and strategy in order to achieve industrial development in Africa. There is no unique solution or answer that can fit all situations as African countries are not the same. While Africa can draw lessons from other regions which have successfully industrialized, this book argues that policies and strategies will have to be adapted to country-specific situations and circumstances.




Industry, Innovation and Infrastructure


Book Description

The problems related to the process of industrialisation such as biodiversity depletion, climate change and a worsening of health and living conditions, especially but not only in developing countries, intensify. Therefore, there is an increasing need to search for integrated solutions to make development more sustainable. The United Nations has acknowledged the problem and approved the “2030 Agenda for Sustainable Development”. On 1st January 2016, the 17 Sustainable Development Goals (SDGs) of the Agenda officially came into force. These goals cover the three dimensions of sustainable development: economic growth, social inclusion and environmental protection. The Encyclopedia of the UN Sustainable Development Goals comprehensively addresses the SDGs in an integrated way. It encompasses 17 volumes, each one devoted to one of the 17 SDGs. This volume addresses SDG 9, namely “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation” and contains the description of a range of terms, to allow a better understanding and foster knowledge about it. This book presents a set of papers on the state of the art of knowledge and practices about three important aspects of sustainable development, infrastructure, industrialization and innovation. It focuses on the support of cleaner technologies, enhanced scientific research, domestic technology development and universal internet access. Concretely, the defined targets are: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending Facilitate sustainable and resilient infrastructure development in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing countries and small island developing states Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries Editorial BoardOluwabunmi Opeyemi Adejumo, Leah A Dundon, Lizhen Huang, Heather Jones, Haruna Musa Moda




Globalization, Trade and Poverty in Ghana


Book Description

Citing a paucity of empirical evidence on the poverty and distributional impacts of trade policy reform in Ghana as the main motivation for this volume, the editors (both of the Institute of Statistical, Social and Economic Research at the U. of Ghana) present eleven papers that combine theory and econometric analysis in an effort to assess linkages between globalization, trade, and poverty (including gendered aspects). Specific topics examined include manufacturing employment and wage effects of trade liberalization; the influence of education on trade liberalization impacts on household welfare; trade liberalization and manufacturing firm productivity; the impact of elimination of trade taxes on poverty and income distribution; food prices, tax reforms, and consumer welfare under trade liberalization; impacts on tariff revenues; and impacts on cash cropping, gender, and household welfare; Distributed in the US by Stylus. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com).




Globalization and Its Discontents


Book Description

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.




Man Out


Book Description

The story of men who are hurting—and hurting America by their absence Man Out describes the millions of men on the sidelines of life in the United States. Many of them have been pushed out of the mainstream because of an economy and society where the odds are stacked against them; others have chosen to be on the outskirts of twenty-first-century America. These men are disconnected from work, personal relationships, family and children, and civic and community life. They may be angry at government, employers, women, and "the system" in general—and millions of them have done time in prison and have cast aside many social norms. Sadly, too many of these men are unsure what it means to be a man in contemporary society. Wives or partners reject them; children are estranged from them; and family, friends, and neighbors are embarrassed by them. Many have disappeared into a netherworld of drugs, alcohol, poor health, loneliness, misogyny, economic insecurity, online gaming, pornography, other off-the-grid corners of the internet, and a fantasy world of starting their own business or even writing the Great American novel. Most of the men described in this book are poorly educated, with low incomes and often with very few prospects for rewarding employment. They are also disproportionately found among millennials, those over 50, and African American men. Increasingly, however, these lost men are discovered even in tony suburbs and throughout the nation. It is a myth that men on the outer corners of society are only lower-middle-class white men dislocated by technology and globalization. Unlike those who primarily blame an unjust economy, government policies, or a culture sanctioning "laziness," Man Out explores the complex interplay between economics and culture. It rejects the politically charged dichotomy of seeing such men as either victims or culprits. These men are hurting, and in turn they are hurting families and hurting America. It is essential to address their problems. Man Out draws on a wide range of data and existing research as well as interviews with several hundred men, women, and a wide variety of economists and other social scientists, social service providers and physicians, and with employers, through a national online survey and in-depth fieldwork in several communities.