An EOI development strategy tends to follow an ISI strategy because of the inherent limitations of ISI.

Question

Quizplus · Accepted Answer

An Export-Oriented Industrialization (EOI) strategy often follows an Import Substitution Industrialization (ISI) strategy because countries initially use ISI to develop local industries by replacing imports with domestically produced goods. However, they eventually encounter limitations such as small domestic markets and inefficiencies, leading them to adopt EOI to focus on exporting goods and integrating into the global market for further growth and development.

An EOI Development Strategy Tends to Follow an ISI Strategy