1- Explain how import substitution is a good method for the development of
countries that have infant industries.
Import substitution industrialization (ISI) is a trade and economic policy which
advocates replacing foreign imports with domestic production
15th January lecture
. What could the government policy do in order to encourage private investors to
invest and employ workers?
This could be done through private property laws and tax incentives
Give Companies easy access to credit
Government has to fac
Please demonstrate your reasoning with graphs and support your arguments with development
experiences as necessary.
1. Why do anti-poverty programs contain a fallacy of Says Law? In your answer, explain
differences in theoretical approaches to
January 26th lesson 4
BoP Slide 2
Very fast depreciation of the currency is concerning. Means the investors are not
confident on the country.
There is pressure on the central bank of china to impose outflows, they have been
intervening but not enough capi