Which of the following was an important policy difference between import-substituting industrialization (ISI) and export-oriented industrialization (EOI) ?
A) ISI has tended to be unsuccessful at achieving sustained development,while EOI has helped some countries advance into the developed world.
B) ISI is not supported by the ideas of the Washington Consensus,while EOI is supported by the ideas of the Washington Consensus.
C) ISI involves heavy government involvement,while EOI involves a purely hands-off approach.
D) ISI-based strategies have been associated with higher levels of debt accumulation than EOI-based strategies.
Correct Answer:
Verified
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