Growth rates in Brazil and other Latin American countries have actually been slower since the trade liberalization of the late 1980s than they were during import-substituting industrialization
A) proves that export promoting trade policy leads to relatively rapid economic growth.
B) proves that a free-trade orientation of trade policy results in rapid economic growth.
C) proves that exports help growth, whereas imports impede growth.
D) proves that trade policy is the most important policy area for promotion of economic development.
E) does not prove that trade liberalization always leads to rapid economic growth.
Correct Answer:
Verified
Q7: The infant industry argument calls for active
Q8: Q9: China's recent experience supports the proposition that Q10: The consensus today is that import-substitution protectionist Q11: Q13: The imperfect capital market justification for infant Q14: Which of the following could explain why Q15: It is argued that import substitution is Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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