IMPORT SUBSTITUTION v. EXPORT PROMOTION IN THE CENTRAL AMERICAN COMMON MARKET (CACM) Available to Purchase

Industry, which in the 1960s was assumed to have made a major contribution to the growth of the Central American Common Market (CACM), has since 1968 lost its dynamism. Its revitalisation depends essentially on a choice between a deepening of the import substitution process and promotion of industrial exports outside the region.