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The rise and fall of Import Substitution Industrialisation (IST) At such rapid pace of globalisation in the 21 century, there is simply no room for

The rise and fall of Import Substitution Industrialisation (IST) At such rapid pace of globalisation in the 21" century, there is simply no room for adoption of import substituting industrialisation (IS) in any country." QUESTION:. a) Define Import Substituting Industrialisation (ISI) and explain ONE Protectionism tool to promote such form of industrialisation (maximum 200 words). b) Briefly explain with an example, why a country may still adopt ISI as part of its growth and development strategies. (max 500words)

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