(a)Why did large developing nations generally follow a policy of import substitution as a strategy for growth during the 1950s,1960s,and 1970s? Why was this not generally possible for small developing nations? ?(b)Why was the policy of import substitution generally a failure?

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The Answer of (a)Why did large developing nations generally follow a policy of import substitution as a strategy for growth during the 1950s,1960s,and 1970s? Why was this not generally possible for small developing nations? ?(b)Why was the policy of import substitution generally a failure?

(A)Why Did Large Developing Nations Generally Follow a Policy of Import