THE IMPACT OF IMPORTS OF PUMPS AND ELECTRIC MOTORS ON INDUSTRIAL DEVELOPMENT
Abstract
This article theoretically studies the impact of imports of pumps and electric motors on the development of national industry. The economic consequences of import dependence, the impact on local production capacity, and problems related to industrial competitiveness are analyzed. In addition, import substitution strategies and ways to achieve technological independence are considered. The article uses theoretical approaches and economic analysis methods. In conclusion, the possibilities of developing national industry by regulating the import of pumps and electric motors are substantiated.
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