All of the Following Are Important Differences Between Import Substituting

question 11

Multiple Choice

All of the following are important differences between import substituting industrialization (ISI) and export-oriented industrialization (EOI) EXCEPT:

• A)ISI has tended to be unsuccessful at achieving sustained development,while EOI has helped some countries advance into the developed world.
• B)ISI emphasizes the production of goods from the domestic market,while EOI emphasizes producing goods that will be competitive on the world market.
• C)ISI is supported by the ideas of Raul Prebisch,while EOI is supported by the ideas of the Washington consensus.
• D)ISI involves heavy government involvement,while EOI involves a purely hands-off approach.
• E)ISI-based strategies have been associated with higher levels of debt accumulation than EOI-based strategies.

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