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what are the main criticism of import substitution industrialisation
Import substitution advocates replacing foreign imports with local production. It helps in stimulating economic growth: producing product locally might be cheaper as compared to importing them, and also it leads to development of industries which creates jobs for locals.
They import many things. But tea coconut and rubber are mainly.
what is d difference between import substitution and export promotion
Farming and agriculture
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
gererate employment
Yes they import tea. It is a main impor item.
Explain how entrepreneurship can lead to import substitution and utilization of resources
True
Priyatosh Maitra has written: 'The globalization of capitalism in Third World countries' -- subject(s): Capitalism, Case studies, Economic conditions, Economic policy 'The mainspring of economic development' -- subject(s): Economic conditions, Economic development, Industrialization 'Indian economic development' 'Import-substitution potential in East Africa' -- subject(s): Commerce, Import substitution, Industries
protectionist policies were emphasized