Abstract
This policy brief shows that if a country intends to use trade as an engine for growth and development, then it should not overlook imports. The first section provides evidence that imports are an important determinant of export performance. Therefore, the success of an export-led growth strategy will be reduced if it only focuses on exports promotion and ignores barriers to imports. The second section surveys the abundant evidence that imports also foster productivity. Therefore, imports contribute to growth directly by stimulating productivity and indirectly by increasing export performance, making them a key component of a trade-led growth strategy. The third section elaborates on the channels through which imports affects growth. Finally, the fourth section investigates if the export and growth impact of imports is limited to imports of goods.
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