The criticism of ISI is that it creates artificial success through (in effect) consumption taxes on your own population, and does not lead to long-term success. In this critical framework, the industries that Unicorn Need More Coffee shirt because they are protected, and because they are protected, don’t have much incentive to innovate or improve. Once those industries are exposed to foreign competition, they lose their major advantage, and because they developed in an atmosphere of cushy protection from the world market, they don’t have any particular advantage that makes them competitive.
Unicorn Need More Coffee shirt, Hoodie, Sweater, Ladie Tee, Vneck, Bellaflowy, Kids Shirt, Unisex and Tank Top, T-shirt
Best Unicorn Need More Coffee shirt
Actually not really. With Japan and South Korea, a lot of Unicorn Need More Coffee shirt that they self invested. They started making goods that the US and the West had high demand for, and got really good at making them. Their businesses were native to the country, so when they became successful, Japan and Korea captured that success. The reason Africa has struggled to grow economically the same way is because 1) a lot of their exports are natural resources, and so they don’t have a lot of manufacturing capability that could be used internally, and 2) a lot of investment and large enterprises there are internationally owned, and so profits are exported as well to places like Europe, the US, and China.