Import Substitution Policy Versus Export Led Growth Strategy, economics homework help
Import Substitution Policy Versus Export Led Growth Strategy, economics homework help
Essay
Write an essay, based on the following question. The essay should be typed written, double spaced and between 2 and 3 pages. The sources should be included in the last page and cited throughout your essay. The final draft of the essay should be submitted with the 2nd midterm exam. You have the option to submit a first draft 2 weeks before the deadline for my comments and feedback. You may, alternatively, discuss you 1st draft essay with me before revising it and writing the final draft of your essay.
Import Substitution Policy Versus Export Led Growth Strategy
Compare the Latin American Strategy of Import Substitution Industrialization (ISI) with the East Asian strategy of Export Led Industrialization.
1. How was ISI with the perceived ever-declining terms of trade in Latin America?
2. Did ISI succeed to achieve the goal of industrialization and economic growth?
3. What was the role of macroeconomic stabilization policy in the success of export led growth in East Asia?
4. A major characteristics was the adoption of industrial policy in HPAE. Explain.
Sources: Gerber, International Economics, Chapters 15 & 16.
Import Substitution Policy Versus Export Led Growth Strategy
