The primary goal of Model ISI is to break the "vicious cycle" of dependency where developing nations export raw materials and import expensive manufactured goods—a dynamic that critics like Raúl Prebisch argued leads to long-term poverty.

The , or Import Substitution Industrialization , is an economic development strategy that prioritizes the domestic production of goods to replace foreign imports. Popularized in the mid-20th century, particularly across Latin America, the model aims to reduce a country's dependency on developed nations by fostering self-sufficiency through a state-led industrial base. Core Principles of Model ISI

Model | Isi

The primary goal of Model ISI is to break the "vicious cycle" of dependency where developing nations export raw materials and import expensive manufactured goods—a dynamic that critics like Raúl Prebisch argued leads to long-term poverty.

The , or Import Substitution Industrialization , is an economic development strategy that prioritizes the domestic production of goods to replace foreign imports. Popularized in the mid-20th century, particularly across Latin America, the model aims to reduce a country's dependency on developed nations by fostering self-sufficiency through a state-led industrial base. Core Principles of Model ISI

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