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Home > Terms > English, UK (UE) > Inward-oriented development
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.
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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