from … import OR import … as for modules

Assuming that bar is a module or package in foo, there is no difference*, it doesn’t matter. The two statements have exactly the same result:

>>> import os.path as path
>>> path
<module 'posixpath' from '/Users/mj/Development/venvs/stackoverflow-2.7/lib/python2.7/posixpath.pyc'>
>>> from os import path
>>> path
<module 'posixpath' from '/Users/mj/Development/venvs/stackoverflow-2.7/lib/python2.7/posixpath.pyc'>

If bar is not a module or package, the second form will not work; a traceback is thrown instead:

>>> import os.walk as walk
Traceback (most recent call last):
  File "<stdin>", line 1, in <module>
ImportError: No module named walk

* In Python 3.6 and before, there was a bug with the initialization ordering of packages containing other modules, where in the loading stage of the package using import contained.module.something as alias in a submodule would fail where from contained.module import something as alias would not. See Imports in __init__.py and `import as` statement for a very illustrative example of that problem, as well as Python issues #23203 and #30024.

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