Why did most countries of Latin America follow inward-looking strategies after WWII?  List th changes in the economic history of Latin America before WWII.  Then list 3 of the components of import-substitution industrialization followed in the region and provide an example of a typical ISI business.

Q: Is export promotion a same policy to that of import substitution? Which is better import…

A: International trade allows nations to interact with one another in the form of export-import of…

Q: Critically evaluate the outward-oriented and import substitution policies pursued by developing…

A: Outward-oriented policies give emphasis on exports of a country. Import substitution policies also…

Q: The parliament of Ghana is debating whether import substitution should take the form of quotas or…

A: In an economy, two widely used import substitution policies are tariffs and imports quota.

Q: By using the concept of the Standard Trade Model, and the assumptions of the H-O model. a) Explain…

A: Standard trade model is based on four important relationships. They are the relationship between the…

Q: Which is the correct interpretation of the Invisible Hand?  (A) The corporations associated with…

A: Invisible Hand is referred to as a metaphor used in a free market economy where the individuals who…

Q: What is import substitution industrialisation? What role does learning by doing plays and when does…

A: The importing is the process of purchasing commodities and services from markets that are located…

Q: According to the Heckscher - Ohlin model, OA. a country gains from trade if its exports have a high…

A: Different types of ideas used to explain international trade are simply referred to as trade…

Q: Is the choice between trade and self-sufficiency an either/or question? Is there amiddle-of-the-road…

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A: (Q)Textile and clothing production is labour-intensive, which means that… a. it tends to have…

Q: Unit labour requirements: cloth tractors Home 200 400 Foreign 120 60 Use the information in the…

A: Opportunity cost refers to decrease in production of one good needed to produce more of other good.

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A: Trade: It refers to the export and import of goods and services in economies. The more the goods and…

Q: slove the attachment

A: Productivity: It means the total output produced by the inputs. Productivity shows the efficiency of…

Q: All the followings are likely to be developing countries' comparative advantage for trade EXCEPT OA.…

A: Developing countries are those countries that have still not reached a level of per capita income,…

Q: Answer BOTH parts of the question please a) Explain why nations trade, using the Heckscher-Ohlin…

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Q: In what respect is the economic decision to move across international borders an investment…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: In Chapter 5 of Dragonomics, Carol Wise puts together Argentina and Brazil in the same category of…

A: Since the early 2000s, the impact of Chinese expansion on Latin America has been studied in this…

Q: Take into account an H-O economy where there are two factors (US and France), two items (wine and…

A: The Heckscher-Ohlin (H-O; sometimes known as the factor proportions) model is one of the most…

Q: Using the Heckscher-Ohlin model with two countries, trade will A   increase the skilled-unskilled…

A: The answer is - D. decrease the skilled-unskilled wage gap in both countries.

Q: According to the Ricardo model, the source of comparative advantage is a country's O factor…

A: According to Ricardian Model of comparative advantage , a country with relatively lesser opportunity…

Q: xplain what is meant by economic-social dualism and what are the policy implications of the…

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A: The actions that are being undertaken by the government for specific fields in order to bring an…

Q: Consider a Ricardian trade model where both countries have expenditure share q = 0.2 on…

A: Both countries has expenditure share Q = 0.2 Country 1 has Am = 1, As = 4 L= 100 Country 2, Am = As=…

Q: Which statement is true related to the International migration to the United States. a. It reached…

A: Migration: Migration can be defined as an individual or group's permanent change of residence; it…

Q: Consider two countries (Spain and Romania), two goods (textiles and cars), and two factors of…

A: Free Trade: Free trade indicates the trade between two nations or countries without any barriers…

Q: real wage larger

A: MPL = ∂Y/∂L  MPK = ∂Y/∂K (I) North: Y = 100L0.3K0.7 MPL = 100 x 0.3 x (K/L)0.7 MPK = 100 x 0.7 x…

Q: It has been observed that all industrialized countries have become "service economies" in recent…

A: Industrialized countries (or developed countries) has high GDP per capita, high standard of living,…

Q: s. Assume that only two countries, Colombia and Bulgaria, exist. Consider the following data…

A: Heckscher-Ohlin model:- This is an economic model which suggest that countries should export those…

Q: With free trade, why is wage (income) gap between American skilled and unskilled workers widened?…

A: Part A → As country A is using skilled laborers for the production of expensive products at the same…

Q: 385 Economic Development 2) (i) Briefly describe the policies to promote Import Substitution…

A: An economic theorem that is adhering to by developing countries that wish to decrease their…

Q: What strategy will help boost economic development of the country; is it import substitution or…

A: Import Substitution- It is a policy adopted by the nation to reduce imports and to decline…

Q: Use the following chart for the 3 parts   Factor Endowments US Belgium Labor 331 11 Capital Stock…

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: A nation can accelerate its economic growth by: O a. imposing tariffs and quotas on imported goods.…

A: Accelerating the economic growth of the nation cannot be done by printing more money in the economy…

Q: explain the impact of start allowing free labor migration between 2 countries.USING FIGURE

A: Labor migration:-  The flow of people from one country to another for the objective of seeking work…

Q: What is the purpose of a free-market system? a. to protect the conditions that enable specialization…

A: Most countries began to abandon the concept of a free-market economy after the Great Depression.…

Q: Explain the U.S.'s growing population. How will the changes affect the difficulties and obstructions…

A: The world's population is growing every day. Various nations across the world are dealing with…

Q: Consider the labour availability and quantities of labour that each country requires, in a Ricardian…

A: Answer: Let us first calculate opportunity cost to find out which country has the comparative…

Q: How does a rich country's refusal to trade with countries that employ cheap labor in terrible…

A:

Q: Service sector is growing because of * O an increase in the level of competitivness O an increase in…

A: SERVICE SECTOR IS GROWING BECAUSE OF =   The third of the three economic sectors in the three-sector…

Q: In what respect is the economic decision to move across international borders an investment…

A: Economic decision: It refers to those choices wherein individuals (or families or nations) need to…

Q: According to the Heckscher-Ohlin or Factor Proportions model, countries have comparative advantage…

A: The Heckscher Ohlin model would result in the model of trade, which results in the  production of…

Q: Specialization can help a country's economy by: O A. increasing its level of self-sufficiency. O B.…

A: Answer to the question is as follows: