What was the main focus of economic development policies in developing countries after World War II?
Understand the Problem
The question is asking about the primary focus of economic development policies in developing countries following World War II, specifically identifying which of the listed options was the main focus.
Answer
Accelerating investment in industrialization.
The final answer is d. Accelerating investment in industrialization.
Answer for screen readers
The final answer is d. Accelerating investment in industrialization.
More Information
After World War II, many developing countries focused on import substitution to foster industrialization, reducing reliance on imports by boosting domestic production.
Tips
A common mistake is to confuse this policy with promoting free trade, which is more aligned with export-led growth rather than import substitution.
Sources
- Economic development - Britannica - britannica.com
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