5. International trade and development
Identify whether each scenario in the following table is an
example or foreign aid, import substitution, or export
promotion.
Scenario
Development Strategy
Foreign Aid
Import Substitution
Export Promotion
After World War II, the Argentine government actively supported
domestic production of textiles, leather, and home appliances in an
effort to become more self-sufficient and less reliant on foreign
goods.
In 1991 and 1992, the World Bank gave over 45% of its
concessional assistance—grants or loans at...