There will be no import substitution. (English subs)
Today we will talk about import substitution. Let’s figure out how the modern economy works and answer the question of why all the fantasies of import substitution don’t pass a reality check.
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00:00 INTRODUCTION
01:56 FROM ARTISANAL PRODUCTION TO GLOBAL INDUSTRY
05:24 HOW PRICING WORKS
09:38 ECONOMIES OF SCALE AND CLOSED MARKETS
13:13 BACK TO HOW IT WAS IN THE USSR?
16:19 CONCLUSION
#Russia #economy #Putin
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