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export substitution
1. Export promotion; thus the substitution of production for export in place of production for the domestic market. Contrasts with import substitution. 2. Export of more processed forms of a good instead of only exporting the raw material.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
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