Solving Economic Development: Urban Import Replacement | SFM E53

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You 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

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Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.

Email: [e-mail]
Adam: @ajbraus - [e-mail]
Scot: @scotmaupin
adambraus.com (Link to Adam's projects and books)
The Perfect Show (Scot's solo podcast)
The Numey (inflation-free currency)

Thanks to Jonah Burns for the SFM music.

Bab

1. Hawaii (00:00:00)

2. Import Substitution and Economic Development (00:07:39)

3. The Concept of Urban Import Substitution (00:22:03)

4. Exploring Urban Import Substitution (00:30:19)

5. Sustainable Transportation in Hawaii (00:42:00)

6. Fire Breathing Kittens (00:51:03)