The disappointment with import- substitution policies is in part because
A)of the rapid and continuous growth record of South American countries.
B)many countries pursuing this strategy experienced stagnation in their growth.
C)this policy tended to create world- class industrial competitors.
D)this policy is inconsistent with sophisticated economic growth models.
E)of the financial investment lost by the U.S.

Question

Quizplus · Accepted Answer

Many countries that pursued import-substitution policies experienced stagnation in their growth, as these policies often led to inefficiencies and lack of competitiveness in the global market.

The Disappointment with Import- Substitution Policies Is in Part Because