Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 17, Problem 15E
To determine
Process of instituting the policy of import substitution and its effect.
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If two countries are very different in relative factor abundance, then empirical support for which of the following would be less likely? O the Factor Price Equalization Theorem the Law of One Price O the Gravity Theorem O the Heckscher-Ohlin Theorem O the Law of Demand
What is import substitution industrialisation? What role does learning by doing plays and when does it make sense for the government to interfere?
Is export promotion a same policy to that of import substitution? Which is better import substitution or export promotion? What are the advantages and disadvantages of import substitution? What are the advantages of export promotion?
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- What are the key pressure points for migration to Mega-cities?arrow_forwardConsidering the causes of global migration how will you assess the positive and negative impact of this phenomenon in the world economy and to the local economy of the place of origin of migration? briefly enumerate your answer and explain brieflyarrow_forwardDemographers have been surprised that total fertility rates have fallen below 2.0, especially because most people in most countries tell pollsters that they would like to have at least two children. Can you think of any possible economic factors that may be causing women in so many countries to average fewer than two children per lifetime? What about other social or political changes?arrow_forward
- What strategy will help boost economic development of the country; is it import substitution or export promotion strategy? Cite real world examples.arrow_forwardHow does immigration policy impact a country's economy in terms of labor market dynamics and overall economic growth?arrow_forwardWhich of the following is NOT an outcome of import substitution policy for South Africa in the long - run? Can the outcomes be different in the short and the long - run? Justify your answer using the Prebish - Singer hypothesis. a) Increased economic growth b) Reduced reliance on imports c) Export Promotion, exporting more primary commodities d) Improved trade balancearrow_forward
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