Why Did Countries Abandon ISI

question 27

Multiple Choice

Why did countries abandon ISI?

• A)Other countries saw how fast Latin American countries had grown by encouraging exports and decided to adopt the same policies.
• B)The "Asian Tigers" were devastated by the debt crisis and had to make significant reforms to recover.
• C)The International Monetary Fund convinced indebted countries that the Washington Consensus had been wrong to advocate ISI policies.
• D)The International Monetary Fund pressured indebted countries to reduce trade protection and to privatize government enterprises.
• E)Politically powerful domestic groups who had been hurt by the policies overthrew the governments that implemented ISI.

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A logical fallacy that arises from placing undue emphasis on certain words or phrases in an argument, potentially altering their intended meaning.

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