Import substitution industrialization (ISI)was based on the strategy of
A) substituting previously imported simple consumer goods with newly domestically produced ones.
B) substituting previously exported simple consumer goods with newly domestically produced ones.
C) substituting previously imported advanced consumer goods with newly domestically produced simple ones.
D) substituting previously exported advanced consumer goods with newly domestically produced advanced agricultural ones.
E) substituting previously imported agricultural goods with newly domestically produced manufacturing ones.

Question

Quizplus · Accepted Answer

Import substitution industrialization (ISI) is an economic policy aimed at reducing a country's foreign dependency through the local production of industrialized products that were previously imported.

Import Substitution Industrialization (ISI)was Based on the Strategy of