Question: Why do developing nations want to industrialize? What is meant by import substitution? by exportoriented policies? What are the advantages and disadvantages of each as

Why do developing nations want to industrialize? What is meant by import substitution? by export‐oriented policies? What are the advantages and disadvantages of each as a method of industrialization for developing nations?

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Developing nations want to industrialise for the following reasons To speed up their technological progress To create high paying jobs and reduce unem... View full answer

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