Import substitution
A) is intended to preserve traditional ways of life.
B) means that LDCs have not adopted the materialistic values of the industrialized world.
C) means that the LDCs are shifting towards religious fundamentalism.
D) is a way to encourage the development of domestic manufacturing.
E) discourages the adoption of Western-style political institutions.

Question

Quizplus · Accepted Answer

Import substitution is a strategy aimed at reducing a country's dependence on imports by developing domestic industries to produce goods that would otherwise be imported. This approach is intended to support the growth of local manufacturing sectors.

Import Substitution