The import-substitution strategy of industrialization is to encourage
-
A.
domestic production -
B.
large-scale production -
C.
importation -
D.
exportation
Correct Answer: Option A
Explanation
Import substitution, also referred to as import substitution industrialization (ISI), is a set of policies that addresses the developmental concerns of structurally deficient economic countries. As the name suggests, the ultimate goal of ISI is to promote a country’s economic industrialization by encouraging domestic production and discouraging imports of consumer goods.