Beginning about 1985, many developing countries, dissatisfied with the results of import-substitution policies, greatly reduced rates of

Question:

Beginning about 1985, many developing countries, dissatisfied with the results of import-substitution policies, greatly reduced rates of protection for manufacturing.

As a result, developing-country trade grew rapidly, and the share of manufactured goods in exports rose. The results of this policy change in terms of economic development, however, have been, at best, mixed. LO.1

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