The Disappointment with Import-Substitution Policies Is in Part Because

question 24

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.

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Definitions:

Identity Crisis

A period of uncertainty and confusion in which a person's sense of identity becomes insecure, typically due to a change in their expected aims or roles in society.

Self-Esteem

An individual's subjective evaluation of their own worth.

Late-Blooming

A term used to describe individuals who develop skills, talents, or interests later than typically expected in life.

Conscious Processes

Mental activities within an individual's immediate awareness, including thoughts, feelings, and perceptions.