Import substitution industrialization had which of the following effects?

Question

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Import substitution industrialization had all of the listed effects. It achieved rapid economic growth by protecting domestic industries from foreign competition. However, it also led to industries that received government subsidies having less incentive to produce efficiently. Particular groups, such as business elites and labor leaders, gained substantial access to the government because of their importance in this scheme of development. Finally, large, commercially-oriented farmers emerged to dominate the agricultural economy.

Import Substitution Industrialization Had Which of the Following Effects