Import substitution industrialization ISI is a trade and economic policy that advocates replacing foreign imports with domestic production. The term primarily refers to 20th-century development economics policies, but it has been advocated since the 18th century by economists such as Friedrich List  and Alexander Hamilton. ISI policies have been enacted by countries in the Global South with the intention of producing development and self-sufficiency by the creation of an internal market. The state leads economic development by nationalization, subsidization of vital industries agriculture, power generation, etc. In the context of Latin American development, the term "Latin American structuralism" refers to the era of import substitution industrialization in many Latin American countries from the s to the s. ISI is often associated and linked with dependency theory , but the latter has traditionally adopted a much broader Marxist sociological framework in addressing what are perceived to be the origins of underdevelopment through the historical effects of colonialism , Eurocentrism , and neoliberalism.
Economic theory of marginal revolution (Research Paper Sample)
What Is Marginalism in Microeconomics, and Why Is It Important?
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The Nazarene Jews integrated the belief of Jesus as the prophesied Messiah and his teachings into the Jewish faith, including the observance of the Jewish law. The name may derive from the city of Nazareth , or from prophecies in Isaiah and elsewhere where the verb occurs as a descriptive plural noun, or from both. Jewish Christianity is the foundation of Early Christianity , which later developed into Christianity.
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