All of the following are obstacles in a country's ability to rely on a general strategy of import substitution in its development efforts except
A) a shortage of managerial talent and skilled labor.
B) a corrupt bureaucracy.
C) a lack of capital goods.
D) a lack of natural resources.

Question

Quizplus · Accepted Answer

Import substitution involves developing domestic industries to replace imported goods. A lack of natural resources would make it difficult to produce certain goods domestically, but it is not an obstacle to relying on import substitution. The other options listed, such as a shortage of managerial talent and skilled labor, a corrupt bureaucracy, and a lack of capital goods, all represent significant obstacles in attempting to implement an import substitution strategy.

All of the Following Are Obstacles in a Country's Ability