Multiple Choice
According to Oatley,manufacturing industries created through ISI were not competitive in international markets primarily because
A) of collusion by advanced industrial states.
B) industries achieved economies of scale but not economies of experience.
C) of insufficient capacity to satisfy domestic consumption.
D) domestic markets for ISI goods were too small to achieve economies of scale.
E) governments were forced to privatize them.
Correct Answer:
Verified
Correct Answer:
Verified
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