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Ilya [14]
3 years ago
14

Define what import substitution industrialization (ISI) is. Explain, in detail, how ISI may help economic development and give e

xamples of ISI policies in less-developed countries. Finally, discuss the main problems with ISI strategies.
Business
1 answer:
klio [65]3 years ago
6 0

Answer: The answers are provided below.

Explanation:

Import substitution industrialization is a theory that is used by developing countries to reduce their dependence on the developed countries. Import substitution industrialization is used to protect infant industries and develop other sectors so that locally produced goods are competitive with the imported goods.

An example was used by Argentina in the 1970s as the country imposed high tariffs on imported goods and encouraging local production of leather and textile and also make the economy self sufficient and protecting local firms from foreign competition.

The main issues with import substitution industrialization is that it can lead to inefficiency on the part of local firms due to lack of competition from foreign firms. The benefits to be derived from specialisation and trading with another country may also not be gotten.

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<h3>What is aided recall?</h3>

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Inconclusion this is an example of Aided recall.

Learn more about Aided recall here:brainly.com/question/24106562

3 0
2 years ago
The main functions of Human Resources Management include _____.
Mnenie [13.5K]

The correct answer is all of the above.

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4 0
3 years ago
Colin presents his findings in class. His topic -- stories addressing effects of white flour on a person's health – features sci
Jet001 [13]

Answer:

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- (D) A firm director describes the differences between documentary and fictional films to a group of people.

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- (B) A professor asks his students to read the poem as if they are reading poetry for the very first time.

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4 0
3 years ago
MM Proposition I with corporate taxes states that:
OLEGan [10]

Answer:

d.) I and II

Explanation:

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8 0
3 years ago
For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Kruka [31]

Question:

For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):

A. increase in potential output

B. recessionary output gap

C. decrease in potential output

D.  expansionary output gap

Answer:

The correct answer is B

Explanation:

A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.

PAE = C + Ip + G + NX

where

PAE  = Planned Aggregate Expenditure

C = consumption

Ip = Investment Spending

G = Government Spending

NX =  Net Export

If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.

Cheers!

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