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What is the difference between import-substitution industrialization and export-oriented industrialization, Why did one method seem to work...

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Economics

What is the difference between import-substitutionindustrialization and export-oriented industrialization, Why didone method seem to work better than the other as a means to helpcountries develop economically (have economic growth and providejobs).

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Import Substitution is nothing but a method in which domestic economy and producers are seen and motivated to produce rather than depending on imports for the own consumption as a result of which the    See Answer
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