The Disappointment with Import-Substitution Policies Is in Part Because

Multiple Choice

The disappointment with import-substitution policies is in part because

A) of the rapid and continuous growth record of South American countries.
B) many countries pursuing this strategy experienced stagnation in their growth.
C) this policy is inconsistent with sophisticated economic growth models.
D) this policy tended to create world-class industrial competitors.
E) of the financial investment lost by the U.S.