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Government policy makers in both East Asia and Latin America faced two models for stimulating industrial production: Import-substituting industrialization (ISI) and export-oriented industrialization (EOI). Which

Government policy makers in both East Asia and Latin America faced two models for stimulating industrial production: Import-substituting industrialization (ISI) and export-oriented industrialization (EOI). Which of the following most accurately describes their policies? Question 7 options: a) Both regions started with ISI policies but quickly moved to EOI. b) Both regions stuck with EOI policies for too long. c) East Asia never tried ISI, but Latin America has never tried EOI. d) Both regions started with ISI, but while East Asia soon moved to EOI, Latin America stuck with ISI only until the 1990s. e) Both regions tried EOI policies but they didn't work well in either region

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