What type of economic policy did Mexico follow from the end of ...

[Metfan725]

What type of economic policy did Mexico follow from the end of World War II until the 1980s? Describe the three-stage strategy that supporters of this policy emphasized. What was the outcome of these policies for Mexico's manufacturing sector?
 
  What will be an ideal response?

Question 2

Predatory dumping occurs when
 
  A) foreign firms sell below cost with the intent to drive firms out of the domestic market.
  B) foreign firms sell below cost because the product is perishable.
  C) foreign firms sell at a price that is below the price of domestic firms.
  D) foreign firms sell at a price that covers the cost of their variable inputs.

[juliaf]

Answer to Question 1

Import substitution industrialization (ISI), which emphasized self-sufficiency over trade and the substitution of domestic manufacturing industries for imports. First, the nation begins producing simple consumer nondurable products, and then it shifts to more complex consumer goods and intermediate industrial goods. Finally, the nation is able to produce more complex industrial goods. Protection from competition meant that Mexico's manufacturing sector wasn't competitive.

Answer to Question 2

A

[Metfan725]

Thank you

[juliaf]

Happy to help you