How should a socialist country deal with imports?

  • SubversivoB
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    52 years ago

    This is a very complex question, because the strategy vary depending on the current situation of this socialist country.

    A underdeveloped country should try to do import substitution and get technology transfer. A developed one can flexibilize the sectors.

    Any socialist country must guarantee that the people get the goods they need, by importing if necessary, but should work on long term to get out of foreign dependency.