Liberalisation, Competition and Import Policy

Liberalisation, Competition and Import Policy Arun Ghosh IN a seminar on industrial policy, industrial performance of different industries, and the efficiency and impact of alternative growth strategies, conducted by the Centre for Development Studies, Trivandrum, the question of liberalisation of industrial (and import) policy was understandably a major issue that came up for discussion. While some view the issue essentially as the age- old argument in regard to import substitution vis-a-vis ex port-led growth strategies, the truth is