what are keynesian economics 
the concept of keynesian economics is credited to british economist john maynard keynes keynes economics include the theory that individuals save more during a recession but this is a detriment to an ailing economy keynes also believed that lowering interest rates wouldn t increase demand for products perhaps most notably he argued that more government spending would rescue an economy from tough economic times 5the bottom lineimport substitution industrialization isi is an economic theory common among developing nations and emerging market nations but they began to reject this policy in the 1990s the goal was to gain self sufficiency by developing sectors to ensure that goods produced within the country were competitive with those being imported this led to high inflation and other economic problems in some countries 