Identify whether each scenario in the following table is an example or foreign aid, import substitution, or export promotion. Development Strategy Foreign Import Aid Substitution Promotion Export Scenario Starting in the 1970s, the South Korean government actively assisted the development of electronics, shipbuilding, and automobile companies that sold their products abroad. 0 o o In 1989, Japan announced a three-year, $600 million grant program to help alleviate poverty in Africa. After World War II, the Argentine government actively supported domestic production of textiles, leather, and home appliances in an effort to become more self-sufficient and less reliant on foreign goods. o O Which of the following are common criticisms of import substitution? Check all that apply. It reduces a country's gains from specialization and trade. Other countries could retaliate by instituting trade restrictions. It reduces domestic saving