Economics · International Trade and Economic Growth Models
Which economic strategy advocates that developing countries should prioritize import substitution over free trade to promote domestic economic development?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Import Substitution Industrialization✓
- 2Comparative Advantage Theory
- 3Neoliberalism
- 4Export-led Growth Model
Correct answer
Import Substitution Industrialization
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