• That pattern met the needs of centralised political control and the policy of import substitution pursued until 1982.

    ECONOMIST: All roads lead to Mexico City

  • Industries that grew up under import substitution policies, such as textiles and drugs, are closing factories or contracting out production.

    FORBES: The Ronald Reagan of the Pacific

  • That is partly the healthy consequence of liberal economic reforms in the 1980s and 1990s: the previous policies of state-led import-substitution tended to concentrate economic activity close to the centres of political power.

    ECONOMIST: Productivity in Latin America

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