Realizing the problems with import substitution, some Asian countries have instead:

Question

Quizplus · Accepted Answer

Import substitution often leads to inefficiency and lack of competition, which can harm the long-term prospects of a country's economy. Instead, some Asian countries have pursued export-led growth, focusing on producing goods that can be sold to other countries and competing on an international scale. This approach can lead to greater efficiency and innovation, as well as increased foreign investment and economic development.

Realizing the Problems with Import Substitution, Some Asian Countries Have