Import substitution industrialization, as it's known, has been tried with pretty disastrous results in Latin America in the 1950s+, though South Korea and Taiwa

Import substitution industrialization, as it's known, has been tried with pretty disastrous results in Latin America in the 1950s+, though South Korea and Taiwan pulled it off successfully, arguably. The idea itself is centuries old. https://en.wikipedia.org/wiki/Import_substitution_industrialization https://en.wikipedia.org/wiki/Import_substitution_industrial...