What explains why developing countries abandoned ISI?
A)Other countries saw how fast Latin American countries had grown by encouraging exports and decided to adopt the same policies.
B)The "Asian Tigers" were devastated by the debt crisis and had to make significant reforms to recover.
C)The International Monetary Fund convinced indebted countries that the Washington Consensus had been wrong to advocate ISI policies.
D)International institutions,like the International Monetary Fund,pressured indebted countries to reduce trade protection and to privatize government enterprises.

Question

Quizplus · Accepted Answer

International institutions like the International Monetary Fund pressured developing countries to reduce trade protection and privatize government enterprises, leading to the abandonment of ISI policies.

What Explains Why Developing Countries Abandoned ISI