Which of the following is a component of import substitution,an economic strategy followed by many developing countries in the post-World War II era?
A) poor enforcement of intellectual property rights
B) banning parastatal arrangements
C) privatizing nationalized industries
D) ending government business subsidies

Question

Quizplus · Accepted Answer

Import substitution strategies often involve protecting domestic industries through measures such as tariffs and quotas on imports, rather than focusing on intellectual property rights enforcement. This approach aims to reduce dependency on imports by encouraging local production.

Which of the Following Is a Component of Import Substitution,an