Proponents of ISI assumed that governments

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ISI was based on the assumption that government intervention could correct market failures and promote economic development. This involved policies such as protectionism, subsidies, and state intervention in strategic industries. The belief was that this would help to promote industrialization and reduce dependence on foreign markets. However, the success of these policies was mixed, with some countries achieving rapid economic growth while others experienced stagnation and economic crises.

Proponents of ISI Assumed That Governments