It Is Argued That Import Substitution Is a Misguided Trade

question 28

Essay

It is argued that import substitution is a misguided trade policy if the intent is to promote long-term economic growth. Explain the reasons underlying this argument.

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Definitions:

Presence of Others

The effect that the physical or implied presence of other people can have on an individual's behavior, thoughts, and feelings.

Good Impression

a favorable perception or judgment formed by others based on one's actions, appearance, or communication.

Feminine

A set of attributes, behaviors, and roles traditionally associated with girls and women or considered characteristic of the female gender.

Attractive Male

A male individual deemed physically appealing or desirable based on societal or personal standards of beauty.