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What term did Albert O. Hirschman use to describe the need for investment in a cluster...

What term did Albert O. Hirschman use to describe the need for investment in a cluster of related industries in order to achieve industrialization?

Select one:

a. Cross fertilization

b. Import substitution

c. Critical mass

d. Interdependency

e. Linkages

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Answer #1

Albert O. Hirschman is an economist with several books on political economy and political ideology. His major contribution is in the area of Economics. He has advocated Import substitution as a strategy for industrialisation and as per the question given above, the answer is (b) Import substitution

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