CEVAP:

The strategy of import substitution tries to replace imports by domestically produced subsidies. The ISI strategy is contrasted with export promotion strategy (EPS) which is efforts concentrate on products that can be sold in world markets. Despite similarities there is also a difference between ISI (Import Substitution Industrialization) and etatism. ISI strategy increases the share of private sector by using state subsidies and enterprises in favor of private capital accumulation. In a sense, the state, rather than restricting, encourages private sector through building infrastructure, producing and providing intermediate products in a mixed economy. Although it is supported by Keynesian shift in the economies of developed world,
ISI strategy designed by IMF for developing economies is not equivalent of Keynesianism. Keynesianism was based on a policy of full employment, social security and other demand-based monetary policies.