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Unformatted text preview: Less emphasis on redistribution Favored foreign investment Encouraged the private sector-State som/populism (mexico, India, Tanzania) Emphasis on heavy industry transportation, power, chemicals etc Suspicious of foreign capital Tolerated small-and medium-scale private enterprise Reserved major means of production (which could be many-not just oil) for state enterprises High regulation/ control of economic activity Sought redistribution through taxation-Result of ISI Suffers from trade pessimism Changes/alter economic structure of countries Share of industries It doesnt change the trade structure...
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- Fall '09