Import Substituted Industrialisation 0.0 / 5 ? SociologyGlobal DevelopmentA2/A-levelAQA Created by: chend96Created on: 08-05-14 18:57 Define Import Substituted Industrialisation This is an economic process whereby production is focused on replacing imports with domestic produce and protectionist policies. 1 of 14 What do neo-liberals state about this? They do not favour isi, but do favour industrialisation without aid 2 of 14 What are protectionist policies? They are tariffs on products bought outside a country 3 of 14 What type of policy is isi? A trade policy 4 of 14 What type of countries adopted this policy? Middle or low income countries 5 of 14 When did they adopt it? Before the 1980's 6 of 14 What did the policy encourage? Domestic industries by limiting competing exports 7 of 14 What was noted about rich and poor countries however? That poor countries would be exploited by rich countries in terms of international financial markets and trade. 8 of 14 What's an example of this? (la) Latin America which produced automobiles, railroads, oil and gas. 9 of 14 What aspect of rostow's theory did this not reach? Take off 10 of 14 What eventually happened? It failed because the country's were not making enough money and therefore couldnt sell them to other countries due to high tariffs. 11 of 14 How did the globalised international economy affect this? Because it disadvantaged isi's in 1980's because non isi countries were engaging in free trade and experiencing the benefits of low trade tariffs. 12 of 14 Who had low tariffs? Non isi countries 13 of 14 Who had high tarrifs? ISI countries 14 of 14
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