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

question 7

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? Why?

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Definitions:

Reflexive Behaviour

Automatic, involuntary actions or responses to stimuli, that do not require conscious thought.

Operant Conditioning

The process of acquiring knowledge by which a behavior's level is modified using encouragement or deterrents.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually evoked by the first stimulus alone.

Herding Behaviour

A social phenomenon where individuals in a group act collectively without centralized direction, often observed in financial markets, social settings, or animal behavior.