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Inward-oriented development
A strategy of promoting development by encouraging production, as well as research and development, for domestic markets. Seems to be the same as import substitution, although proponents make a distinction between them.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
- Acronym-Abbreviation:
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