This topic contains a solution. Click here to go to the answer

Author Question: Historically, why did the import-substitution strategy become popular among developing nations? ... (Read 104 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Historically, why did the import-substitution strategy become popular among developing nations?
 
  What will be an ideal response?

Question 2

Refer to Figure 2-11. What is the opportunity cost of producing 1 bolt of cotton in Pakistan?
 
  A) 3/8 of a pound of cashews B) 5/8 of a pound of cashews
  C) 1 3/5 pounds of cashews D) 150 pounds of cashews



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

This strategy gained popularity throughout the 1950s because, at this time, most developing nations exported agricultural and mineral products-goods that often faced very unstable international market conditions. Moreover, the terms of trade for these nations seemed to be headed on a long-term decline. When a country experiences a decline in its terms of trade, its imports become relatively more expensive in its domestic market, whereas its exports become less expensive in the world market. As a result of these conditions, by the 1950s import-substitutions policies started gaining prominence.

Answer to Question 2

B




melina_rosy

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

For a complete list of videos, visit our video library