The Consensus Today Is That Import-Substitution Protectionist Industrial Policy Has

question 30

Essay

The consensus today is that import-substitution protectionist industrial policy has not served the developing countries' growth ambitions well. This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.

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Definitions:

Ethnic Conflict

Disputes and hostilities between ethnic groups often rooted in cultural differences, competition for resources, or historical grievances.

Severe Mental Illness

A mental disorder that significantly interferes with one's ability to function in daily life, often requiring long-term treatment.

Abnormal Behavior

Actions or behaviours that deviate significantly from what is considered typical or normal by society or cultural standards.

Normal Adult

An individual considered to be in the typical range of psychological, emotional, and physical development for their age group.