To Break Out of Their Dependent Status, Countries Within the Global

question 32

Essay

To break out of their dependent status, countries within the Global South have pursued various industrialization strategies. Import-substitution industrialization and export-led industrialization are two of the most common strategies. What are the differences between these two strategies? Which has been more successful, and why?

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Definitions:

Work Processes

The structured activities, methods, or practices used to convert inputs into outputs, aiming at achieving organizational objectives efficiently.

Geographic Departmentation

An organizational structure where functions or departments are grouped based on geographic location or territories.

Business Integration

Describes the process of bringing together various components of a business, such as systems, processes, or departments, to work more efficiently and effectively as a whole.

Geographic Regions

Specific areas defined by natural or artificial boundaries, characterized by distinct physical, social, or cultural attributes.