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Sanctions. Someone sees this phenomenon as extremely negative, but is it really that bad? Food sanctions, that is, a ban on the import of certain goods from abroad, have caused such a thing as import substitution. Products that were previously imported from the west should now be replaced with similar ones, but of domestic production.
Among economists, there is often the opinion that import substitution should have been done a couple of decades ago in order to provide the country with goods of its own production and create new jobs that are always lacking. Continue reading