In a mixed ISI – EOI strategy, what significant factor does the timing and speed of change affect?
Understand the Problem
The question is asking about the impact of the timing and speed of change in a mixed ISI – EOI strategy, specifically which significant factor it affects among the provided options.
Answer
Affects success of industrial policy and economic performance.
The timing and speed of change in a mixed ISI-EOI strategy affect the success of industrial policy and economic performance, especially in achieving productivity gains and addressing inefficiencies.
Answer for screen readers
The timing and speed of change in a mixed ISI-EOI strategy affect the success of industrial policy and economic performance, especially in achieving productivity gains and addressing inefficiencies.
More Information
The success of an ISI-EOI strategy is often influenced by the ability to adapt policies quickly and appropriately to global economic conditions, particularly focusing on improving industrial productivity and reducing inefficiencies.
Tips
A common mistake is to overlook the importance of adaptive policy measures and external economic conditions when implementing a mixed ISI-EOI strategy. Ensure policies remain flexible and responsive.
Sources
- Import Substitution Industrialization (ISI): Definition and Example - investopedia.com
- Import substitution industrialisation and economic growth - sciencedirect.com
- LINKAGES BETWEEN INDUSTRIALIZATION STRATEGIES AND ... - ecommons.cornell.edu
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