The evidence suggests that import substitution policies caused:
A) faster export, economic and total factor productivity growth.
B) faster export growth, but slower economic and total factor productivity growth.
C) slower export growth, but faster economic and total factor productivity growth.
D) slower export, economic and total factor productivity growth.

Question

Quizplus · Accepted Answer

Import substitution policies typically lead to slower export, economic, and total factor productivity growth because they focus on domestic industries' development at the expense of international trade and efficiency.

The Evidence Suggests That Import Substitution Policies Caused