The concept of a "hothouse economy" is associated with
A) liberalization.
B) import substitution.
C) foreign direct investment.
D) communism.

Question

Quizplus · Accepted Answer

A "hothouse economy" refers to an economic strategy where a country focuses on developing its domestic industries through protectionist policies, such as import substitution. This approach is often criticized for being unsustainable in the long term and can lead to economic inefficiencies. It is different from liberalization, which involves opening up a country's economy to international trade and investment, and foreign direct investment, which involves investing in foreign economies. Communism refers to a political ideology and has no direct relation to economic strategies.

The Concept of a "Hothouse Economy" Is Associated with