Import Substitution Industrialization uses __________________ as a way to spur growth of domestic industry.

Question

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Import Substitution Industrialization (ISI) involves the use of tariff barriers and other government policies to encourage the growth of domestic industry by protecting it from foreign competition. This includes implementing high import tariffs, subsidies for domestic industries, restrictions on foreign investment, and regulations to favor local production. ISI was popular among developing countries in the mid-20th century as a way to promote national economic growth and reduce dependence on foreign imports.

Import Substitution Industrialization Uses __________________ as a Way to Spur