How Are Countries That Pursued Import-Substituting Industrialization (ISI)linked to Financial

How are countries that pursued import-substituting industrialization (ISI) linked to financial crises?

A) Countries that pursued ISI were more likely to experience a financial crisis,as they privatized too much of their domestic economies.
B) Countries that pursued ISI were more likely to experience a financial crisis,as they liberalized trade and were exposed to market fluctuations.
C) Countries that pursued ISI were more likely to experience a financial crisis,as they went deep into debt funding state expenditures.
D) Countries that pursued ISI were generally immune to financial crises,unlike those countries that were already developed.