The idea that a developing state should protect its new industries by placing restrictions on international trade is referred to as
A)import-substitution industrialization
B)foreign-indirect investment
C)structural-adjustment programs
D)the development state

Question

Quizplus · Accepted Answer

The idea of protecting domestic industries through restrictions on international trade is known as import-substitution industrialization. This strategy encourages the growth of domestic industries by substituting imports with domestically-produced goods. The logic behind this is that it will boost the local economy, create jobs, and reduce dependency on foreign goods.

The Idea That a Developing State Should Protect Its New