Answered: (a) Foreign firms often benefit more…

(a) Foreign firms often benefit more than domestic firms from import substitution industrialization strategy. (b) Protected industries often get inefficient. Explain (a) and (b).

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter21: Economic Development

Section: Chapter Questions

Problem 13PAE

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(a) Foreign firms often benefit more than domestic firms from import substitution industrialization strategy. (b) Protected industries often get inefficient. Explain (a) and (b).

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