What Is Import Substituting Industrialization (ISI)

question 55

Multiple Choice

What is import substituting industrialization (ISI) ?

• A)A policy of importing goods that are necessary for promoting industrialization.
• B)A policy of promoting industrialization to replace foreign goods with domestically produced goods.
• C)A policy of encouraging free trade as a means of industrializing quickly.
• D)A policy of encouraging the use of alternative resources necessary to fuel industrialization.
• E)A government policy of obtaining foreign technology as a means of encouraging industrialization.

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Definitions:

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Aboriginal Peoples

Indigenous peoples who are original inhabitants of a land or region, recognized for their distinct cultures, languages, and traditions, often holding unique rights and status under law.

Government Assistance

Programs and services provided by the government aimed at helping individuals, families, and organizations in need, ranging from financial aid to healthcare support.