The Practice in Underdeveloped Countries of Setting High Tariffs to Discourage

question 27

Short Answer

The practice in underdeveloped countries of setting high tariffs to discourage imports and encourage the establishment of factories in their own states that could flourish without foreign competition is referred to as ______________ industrialization.

---

Definitions:

Bond Investment

Purchasing debt securities issued by corporations or governments to finance their operations, typically yielding interest income.

Fair Value Adjustment

An accounting process to adjust the book value of an asset or liability to reflect its current market value.

Long-Term Investment

assets purchased by a company that are intended to be held for more than one year, such as stocks, bonds, or real estate.

Realized Gain

The profit earned from selling an asset for more than its purchase price, recognizable when the transaction is completed.