Policies seek to promote rapid industrialization by erecting high barriers to foreign goods to ,?

Question

____ -----policies seek to promote rapid industrialization by erecting high barriers to foreign goods to encourage local production,

a. Outward-looking development

b. Import-substitution development

c. Primary-export-led development

d. Comparative advantage

Answer 1

By placing high barriers on foreign goods it means the govt. is trying to encourage locally produced good as opposed to relying on imports.

I would say the anser is b, import-substitution development, because they are encouraging the development of local goods to substitute imported goods.

Answer 2

b. Import-substitution development