Under the topic of international trade and development, it is required to answer this essay question using min 800 words (max 1400)

Citation is not required. 
Presentation matters: the answers must be well written and properly laid out

Question:  Illustrate the ISI, EOI, OEI strategies, the policies that are associated to them and provide some examples.

        (ISI) strategy:  import substitution industrialization -  ISI: Protect sectors of industry until they become internationally competitive and then open the country to free trade.


        (EOI) strategy: export-oriented industrialization – Open the economy and subsidize selected firms until they become competitive


        (OEI) open economy industrialization:  OEI Open the economy, create a conducive investment climate and call on FDIs to bring in firms already at a scale that makes them internationally competitive

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