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5 April, 05:54

Why is substitution a higher level of thinking?

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  1. 5 April, 08:00
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    Advocates replacing foreign imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics policies, although it has been advocated since the 18th century by economists such as Fredrick List and Alexander Hamilton.
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