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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? Why?
Yield
The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.
Bond
A fixed-income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest and the return of the principal at maturity.
Treasury Bill
Short-term, highly liquid government debt obligation issued at a discount from the face value and returning the face amount at maturity.
Par Value
The nominal value of a security stated by the issuer.
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