What Explains Why Developing Countries Abandoned ISI

question 52

Multiple Choice

What explains why developing countries abandoned 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)International institutions,like the International Monetary Fund,pressured indebted countries to reduce trade protection and to privatize government enterprises.

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Definitions:

Allocating Time

The process of planning or assigning available time to various tasks, duties, or activities to ensure efficient use of one's time.

Emotion Management

The process of controlling or manipulating one's own emotions or the emotions of others, often in a professional or workplace setting.

Arlie Hochschild

is a prominent sociologist known for her work on emotional labor, gender roles, and family dynamics in contemporary society.

Role Distancing

The process of separating oneself emotionally and mentally from a role that one is expected to play, often to avoid full identification with the role.