Which of the following is a component of import substitution, an economic strategy followed by many developing countries in the post-World War II era?
A)poor enforcement of intellectual property rights
B)lowering nontariff barriers
C)ending government business subsidies
D)privatizing nationalized industries
E)banning para-statal arrangements

Question

Quizplus · Accepted Answer

Import substitution strategies often involve poor enforcement of intellectual property rights as a way to foster domestic industries by allowing them to produce copies of foreign goods without facing legal repercussions. This can help local companies grow and reduce dependency on imports.

Which of the Following Is a Component of Import Substitution