________ policies seek to promote rapid industrialization by erecting high barriers to foreign goods to encourage local production,

Question

Quizplus · Accepted Answer

Import-substitution development policies seek to promote rapid industrialization by erecting high barriers to foreign goods to encourage local production. This is done by substituting imported goods with locally produced goods in order to save foreign exchange and promote domestic industries.

________ Policies Seek to Promote Rapid Industrialization by Erecting High