The goal of import substitution is to:
A) protect domestic industries until they can become price competitive in the world market.
B) convince domestic consumers to change the types of goods they import.
C) shift domestic production away from capital intensive industries toward more labor intensive industries.
D) All of these are goals of important substitution.

Question

Quizplus · Accepted Answer

Import substitution aims to protect and develop domestic industries so they can become competitive on the global stage, by reducing dependency on imports through local production.

The Goal of Import Substitution Is To