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Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing imports with domestic production. supports government intervention in the economy to reduce

Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing imports with domestic production. supports government intervention in the economy to reduce its foreign dependency through the local production of industrialized products. You are asked to assume the role of the trade representative for Latin American Integration Association (ALADI) an international/regional organization. Make your strongest argument for ISI as sound macroeconomics for Latin America

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