Question

Attempt the following impact of new economic policy on business and industry​

Answer 1

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Industrial diversification characterised by a shift from primary production to manufacturers was made possible by the policy of import substitution. The trouble started only when sources of external financing for imports dried up and countries were forced to look at the export sector for foreign exchange supplies.

Answer 2

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Industrial diversification characterised by a shift from primary production to manufacturers was made possible by the policy of import substitution. The trouble started only when sources of external financing for imports dried up and countries were forced to look at the export sector for foreign exchange supplies.