CONCEPTUAL FRAMEWORK FOR FACTORS AFFECTING THE FEASIBILITY OF THE ISI

Abstract

This article discusses the importance of the International Statistical Institute (ISI). While one country intends to develop its industry behind high trade barriers, other countries do not let that country’s industrial products be sold without restrictions as well. In other words, the protected industry’s operations will mainly be constrained by the domestic market. Therefore, policymakers should take into consideration that the larger the domestic market size is, the more likely the country might succeed in economic growth even through ISI policy or at least experience fewer distortions than a relatively small country, and vice versa