Solving Economic Development: Urban Import Replacement | SFM E53

Send us Fan MailYou probably know that buying local is good to do, but what if there were a full theory of economic development based on the idea? There is a near-universal consensus that countries should do the opposite of buying local—the theory of "export-oriented development" says countries should maximize their exports and then import everything they need from elsewhere. But this causes the major problems of globalization: economic imperialism, exploitation, unsustainable growth, and ecological destruction.In this episode, Braus and Scot will discuss a little-known, but very promising alternative theory to export-oriented development called Urban Import Substitution. The concept was first proposed by Jane Jacobs in her book Cities and The Wealth of Nations. Simply put it says that economic growth is more sustainable and resilient when cities focus on replacing their imports with local production. Side solution: *Writing English in Korean script (Hangul)*Braus's cousin's organic flour: Meadowlark Organics Support the showHelp these new solutions spread by ...Subscribing wherever you listen to podcastsLeaving a 5-star review Sharing your favorite solution with your friends and network (this makes a BIG difference)Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.Email: [email protected]: @ajbraus - [email protected]: @scotmaupinadambraus.com (Link to Adam's projects and books)The Perfect Show (Scot's solo podcast)Thanks to Jonah Burns for the SFM music.