Question No. 2 (a) Explain the strategy of Import-Substituting Industrialization. Briefly discuss its impact on 7.5 the
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Question No. 2 (a) Explain the strategy of Import-Substituting Industrialization. Briefly discuss its impact on 7.5 the
Question No. 2 (a) Explain the strategy of Import-Substituting Industrialization. Briefly discuss its impact on 7.5 the world economy. (b) What is Infant Industry Argument? Discuss the problems of Infant Industry Argument. 7.5 What are the market failure justifications for Infant Industry Protection?