Local ownership import substituting

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Local ownership import substituting is a proposed economic policy. Former British Prime Minister, Margaret Thatcher famously said There is no alternative but to maintain the historical approach to generating flourishing via GDP growth (usually via lowering trade barriers to international trade); this perspective is often labeled as TINA.

But alternatives have been proposed. Local Ownership, Import Substituting[1] includes social as well as economic aspects to creating flourishing; this perspective is often labeled as LOIS, and used in sentences such as “The alternative to TINA is LOIS”!

See also[edit]


  1. ^ Shuman, M. H. (2006). The small-mart revolution: how local businesses are beating the global competition. San Francisco, California, U.S.A.: Berrett-Koehler.

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