The strategy of import-substitution industrialization was remarkably successful in the Global South in helping them break their ties with the Global North.

Question

Quizplus · Accepted Answer

Import-substitution industrialization (ISI) had mixed results in the Global South; while it helped some countries develop local industries, it often led to inefficiencies, reliance on foreign technology, and did not significantly break economic dependencies on the Global North.

The Strategy of Import-Substitution Industrialization Was Remarkably Successful in the Global