Countries pursuing import substitution development policies always grow faster than those that do not.

Question

Quizplus · Accepted Answer

Import substitution development policies, which focus on replacing foreign imports with domestic production, do not always lead to faster economic growth compared to countries that embrace open trade and export-oriented strategies. The effectiveness of such policies can vary based on a country's specific economic context, industrial capacity, and the implementation of the policies.

Countries Pursuing Import Substitution Development Policies Always Grow Faster Than