ISI was a failure in terms of development progress from its introduction in in the 1950s.

Question

Quizplus · Accepted Answer

Import Substitution Industrialization (ISI) had varying degrees of success in different countries; while it led to the establishment of domestic industries and reduced dependence on imports in some regions, it also faced challenges such as inefficiency and lack of competitiveness in others. Overall, it cannot be universally labeled a failure in terms of development progress.

ISI Was a Failure in Terms of Development Progress from Its