According to Oatley,manufacturing industries created through ISI were not competitive in international markets primarily because
A) of collusion by advanced industrial states.
B) industries achieved economies of scale but not economies of experience.
C) of insufficient capacity to satisfy domestic consumption.
D) domestic markets for ISI goods were too small to achieve economies of scale.
E) governments were forced to privatize them.

Question

Quizplus · Accepted Answer

ISI (Import Substitution Industrialization) strategies often led to the creation of industries that were tailored to relatively small domestic markets. This limited the scale of production, making it difficult for these industries to achieve the economies of scale necessary to be competitive on an international level.

According to Oatley,manufacturing Industries Created Through ISI Were Not Competitive