Question

what is inport substitution​

Answer 1

Import substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.

Answer 2

Answer:

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production.ISI is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.