Answer to Question #309305 in Political Science for Ree

Question

Indicate the correct option.

According to Howard Handelman (2011), in Latin America’s newly industrializing economies (NICs), the implementation of Import Substitution Industrialisation (ISI) model of economic development had the following effect on domestic economies: (Refer to chapter 10 available on ‘e-reserves’)

1. 

Traditional primary exports were improved.

2. 

It led to an increase in employment.

3. 

It resulted in a more equitable distribution of income benefitting all classes of society.

4. 

The balance of payments deficits was significantly reduced.

5. 

Dependence on imported consumer goods was replaced with dependence on foreign capital goods.

Answer 1

5. Dependence on imported consumer goods was replaced with dependence on foreign capital goods.