The strategy many LDCs followed in trying to build up their own industries is called __________.
A) import substitution
B) structural adjustment
C) dependency
D) socialism
E) democratic evolution

Question

Quizplus · Accepted Answer

Import substitution is the strategy where less developed countries (LDCs) aim to reduce their dependency on imports by producing goods domestically. This approach is often adopted to build up local industries and protect them from foreign competition.

The Strategy Many LDCs Followed in Trying to Build Up