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What are the advantages and disadvantages of using import-substitution to accomplish industrialization rather than using government aid and private investment to develop new manufacturing industries?

 

Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

 

(2012). International economics. (Vol. 1, pp. 346-350). The McGraw-Hills Companies.

 

In-text citation

 

(International economics, 2012)

 

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