Question
The policy of broad protection to domestic industries,
direct control over imports and foreign investment and keeping exchange rates high to unrealistic levels is called?Solution
The policy of broad protection to domestic industries, direct control over imports and foreign investment and keeping the exchange rates high to unrealistic levels is called import substitution. After the end of the world war, the least developed countries preferred inward policies, under which the import substitution policy was adopted.
Doubt pour over (A)/ me like hot fudge on (B)/ salted caramel ice cream. (C) / No error (D)
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