What is import substitution?

To develop its economy and speed up industrialization, in the 1950s and 1960s Taiwan launched a program focused on expanding manufacturing to leverage global comparative advantages. This is an example of ______.

A. modernization policy B. export-oriented industrialization C. import substitution industrialization D. neoliberal policy

If you lived under a government that had unlimited political power, you would be living in which of the following regime types?

- totalitarian - democratic - capitalist - representative