Import-substitution industrialization is an economic development strategy that involves replacing imported goods with those produced domestically in order to encourage domestic growth.

Name: Import-substitution industrialization is an economic development strategy that involves replacing imported goods with those produced domestically in order to encourage domestic growth.
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Question

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Import-substitution industrialization aims to promote domestic industry and decrease reliance on imported goods.

Import-Substitution Industrialization Is an Economic Development Strategy That Involves Replacing