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What Is Import-Substituting Industrialization (ISI)

Question 48

Multiple Choice

What is import-substituting industrialization (ISI) ?


A) A policy of importing goods that are necessary for promoting industrialization
B) A policy of promoting industrialization to replace foreign goods with domestically produced goods
C) A policy of encouraging free trade as a means of industrializing quickly
D) A government policy of obtaining foreign technology as a means of encouraging industrialization

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