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What is Import Substitution

International Perspectives on the Youth Labor Market: Emerging Research and Opportunities
Also called import substitution industrialization, is a commercial and economic policy that advocates replacing foreign imports with domestic production.
Published in Chapter:
Higher Education and Employment: Highlights From the Economic History of Mexico
Jose Ernesto Rangel Delgado (University of Colima, Mexico) and Antonina Ivanova Boncheva (Universidad Autonoma de Baja California Sur, Mexico)
DOI: 10.4018/978-1-7998-2779-5.ch007
Abstract
The articulation of higher education and employment acquires special relevance due to its impact to the youth labor market. Some of the tendencies in the Mexican economy during the sixties and seventies and the beginning of the eighties until the 21st century are the following: the expansion of educational coverage, the urbanization of development and labor market, as well as the middle-class consolidation and graduate exclusion of the labor market. These factors oriented the higher education predominantly to human resources generation, firstly, for the industrial sector and, secondly, for the tertiary sector of the knowledge society with a large unemployment and underemployment of graduates.
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