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How Did Import Substitution Compare with Export-Oriented Industrialization as a Real-World

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How did import substitution compare with export-oriented industrialization as a real-world strategy for economic development and modernization? How did the Washington Consensus propose to address the problems of both of these economic development strategies?


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Commission Charges

Fees charged by brokers or agents for their service in facilitating a transaction, often a percentage of the sale value.

Total Cost

The complete amount of money spent on producing or acquiring a product or service, including all variable and fixed expenses.

Par Value

The face value of a bond or stock as stated by the issuing company.

Dividend Per Share

The amount of dividend that a company pays out for each share of its stock over a designated period.

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