Which economist was most closely associated with ISI?
A) Adam Smith
B) David Ricardo
C) Raul Prebisch
D) Sebastian Edwards
E) Carlos Diaz-Alejandro

Question

Quizplus · Accepted Answer

Raul Prebisch is most closely associated with ISI (Import Substitution Industrialization) as he was a prominent Latin American economist and one of the founders of the CEPAL (Economic Commission for Latin America and the Caribbean), which promoted the idea of ISI as a development strategy for the region. Adam Smith and David Ricardo are classical economists associated with free market capitalism. Sebastian Edwards and Carlos Diaz-Alejandro are contemporary economists known for their work on Latin American economies, but they are not specifically associated with ISI.

Which Economist Was Most Closely Associated with ISI