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It was good to launch the economy in the '50s. Japan did this; China did this; EVEN South Korea did this. All the EAST ASIANS did this - import substitution. I think all countries FOLLOWED import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the STRATEGY.
Author - Jairam Ramesh Subject - Courage
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