The state-led development model employed in the developing world in the middle decades of the twentieth century in Latin America, Asia, the Middle East, and Africa has a technical name. What is it?
A) imperfect competitive industrialization (ICI)
B) import-substituting industrialization (ISI)
C) income-stabilizing industrialization (ISI)
D) invisible trade industrialization (ITI)

Question

Quizplus · Accepted Answer

The state-led development model employed in the developing world in the middle decades of the twentieth century in Latin America, Asia, the Middle East, and Africa is known as import-substituting industrialization (ISI). This model sought to reduce dependence on imports by promoting the growth of domestic industries to produce goods that were previously imported. This was done through government intervention, subsidies, and protectionist policies.

The State-Led Development Model Employed in the Developing World in the Middle