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Capstone Topic

My topic of interest is import-substitution. Governments in developing economies sometimes try to protect developing industries by taxing or disallowing importation of the good or service produced by this industry. Most literature says that open trade policies are most beneficial to helping an economy grow. But, I would ideally like to try and find two countries with similar economies and social climates just with different protectionist policies.

Papers of interest:

A Reconsideration of Import Substitution
By: Henry J. Bruton
Import Substitution and Export-led Growth: A study of Taiwan’s Petrochemical Industry
By: Wan-Wen Chu
Comparing technical efficiency between import-substitution-oriented and export-oriented foreign firms in a developing economy
By: Tain-jy Chen and De-piao Tang