Question

Which of these is a development initiative aimed at promoting the consumption of locally produced goods?


Privatization

Green industrialization

Import substitution

Economic integration

Tariff reduction

Answer 1

Answer:

Import substitution.

Explanation:

The import substitution was a set of policies promoted by developing countries after World War II intended to substitute the importation of foreign goods with its local equivalents by means of local industrialization. The zenith of this model occured between the 1930s and the 1970s.