Explain the difference between import substitution and, Business Economics

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Explain the difference between import substitution and

Explain the difference between import substitution and export promotion as economic growth strategies for developing countries. Be sure to include in your response both the strengths (benefits) and weaknesses (risks) inherent in both strategies. Which strategy has China pursued in recent years? Is this strategy sustainable in the long run? Why/why not?

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Business Economics: Explain the difference between import substitution and

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