Import-Substituting Industrialization Table 10-2: Exports as a Percentage of National Income, 1999 Brazil 8 India United States 12 Japan Germany 27 South Korea 42 Hong Kong 132 Singapore 202 Source: World Bank, World Development Report Washington, D.C. World Bank, 2001 Copyright C 2003 Pearson Education, Inc Slide 10-11Copyright © 2003 Pearson Education, Inc. Slide 10-11 Table 10-2: Exports as a Percentage of National Income, 1999 Import-Substituting Industrialization