Explain the difference between import substitutions and, Ask an Expert

Economics

Explain the difference between import substitutions and export promotion as economic growth strategies for developing countries. Be sure to include in your response both the strengths (benefits) and weaknesses (risks) inherent in both strategies. Which strategy has china pursed in recent years? Is this strategy sustainable in the long run? Why? Why not?

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Business Economics, Economics

Category:- Business Economics
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