4 ms·
Lots of Latin America (especially Brazil) still have remnants of import-substitution policies [1], where tariffs on manufactured goods are high to encourage dom
by rowanajmarshall 4y ago
Lots of Latin America (especially Brazil) still have remnants of import-substitution policies [1], where tariffs on manufactured goods are high to encourage domestic industry. It's one reason Lua was created (in Brazil), because importing customised software from abroad was too expensive.
[1] https://en.wikipedia.org/wiki/Import_substitution_industrialization#Latin_America https://en.wikipedia.org/wiki/Import_substitution_industrial...