The premise of import substitution industrialization (ISI) was __________________.
A) that by importing foreign technology, developing nations could grow their economies faster
B) that by using local technologies and materials, developing nations could avoid foreign debt
C) that by protecting infant industries they could grow shielded from foreign competition
D) that by removing tariffs on imported materials and manufactured goods, it would increase competition and encourage economic growth
E) that encouraging imports would accelerate industrialization in developing nations

Question

Quizplus · Accepted Answer

Import substitution industrialization (ISI) is an economic policy adopted by some developing countries to promote domestic production and reduce dependency on foreign goods by protecting young industries from international competition, often through tariffs and trade barriers.

The Premise of Import Substitution Industrialization (ISI) Was __________________