The Consensus Today Is That Import-Substitution Protectionist Industrial Policy Has

question 30

Essay

The consensus today is that import-substitution protectionist industrial policy has not served the developing countries' growth ambitions well. This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.

Understand the importance of measurement scales in attempting to quantify abstract concepts.

Recognize the significance of data categorization in research.

Understand the concept of post-formal thought and its characteristics.

Recognize the physical and cognitive changes that occur with aging, including changes in the visual field, brain tissue loss, and maximum muscle strength.

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Definitions:

CAPM

The Capital Asset Pricing Model, a theory used to determine the expected return on investment by correlating the risk and the non-diversifiable risk of the market.

Treynor Measures

A performance metric that assesses the returns earned on a portfolio in excess of the risk-free rate, adjusted for market risk.

Sharpe

A ratio used to calculate the risk-adjusted return of an investment, comparing the excess return of the investment to its standard deviation of returns.

Jensen Portfolio Performance Measures

A performance measurement method that evaluates the risk-adjusted return of an investment portfolio by comparing it to the expected return.