The State-Led Development Model Employed in the Developing World in the Middle

question 42

Multiple Choice

The state-led development model employed in the developing world in the middle decades of the twentieth century in Latin America, Asia, the Middle East, and Africa has a technical name. What is it?

• A) imperfect competitive industrialization (ICI)
• B) import-substituting industrialization (ISI)
• C) income-stabilizing industrialization (ISI)
• D) invisible trade industrialization (ITI)

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Definitions:

Decision Makers

Individuals or entities that have the authority to make choices and establish policies or strategies.

Consumer Socialization

The process by which young people acquire skills, knowledge, and attitudes relevant to their functioning as consumers in the marketplace.

Family Life Cycle

The series of stages through which a family progresses over time, affecting purchasing behavior and marketing strategies.

Decision Making

The process of making choices or conclusions based on available information, analysis, and preference.