What type of development strategy would a government follow if they wanted to allow local firms to grow and prosper by borrowing from more efficient producers?

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Quizplus · Accepted Answer

Protectionism involves using tariffs, subsidies, and other trade barriers to protect domestic industries from foreign competition. By limiting imports and promoting domestic production, local firms can be given a chance to grow and prosper. By borrowing from more efficient producers, these local firms can learn and improve their own production processes, becoming more competitive in the global market.

What Type of Development Strategy Would a Government Follow If