Local ownership import substituting
Local ownership import substituting is a proposed economic policy. Former British Prime Minister Margaret Thatcher famously said "there is no alternative" but to maintain neoliberal economic policies to generate growth, as the socialist economies of the Second World consistently lagged far behind those of the capitalist First World. Common neoliberal economic policies include low tariffs to international trade, loose regulation of the national economy, and a free market system.
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
- Local purchasing
- Import substitution industrialization
- There is no alternative (TINA) was the neologism coined by Margaret Thatcher to which the LOIS neologism was coined as a response ... that in fact there are alternatives.
References
- ↑ Shuman, M. H. (2006). The small-mart revolution: how local businesses are beating the global competition. San Francisco, California, U.S.A.: Berrett-Koehler.
External links
- (PDF): TINA vs. LOIS: the small-mart revolution for a summary of the alternative from the Autumn 2007 issue of Sockeye Magazine
- Cage Match: TINA vs LOIS
- BALLE's Homepage
- B Lab - the largest organization providing benefit corporation certification
- The current page of the author of LOIS, with audio, video and his new book.