The government of Country X is encouraging the growth of domestic manufacturing by implementing high barriers to imported goods. Country X is most likely following a strategy of ________.

Question

Quizplus · Accepted Answer

Import substitution is a strategy aimed at reducing foreign dependency through the local production of goods that were previously imported. By implementing high barriers to imported goods, Country X is encouraging domestic manufacturing to replace these imports, aligning with the import substitution strategy.

The Government of Country X Is Encouraging the Growth of Domestic