Questions: During the import substitution industrialization phase of its development, Middle/South America did NOT embark on: a) modernizing and industrializing national economies b) razing poverty-stricken cities. c) imposing high tariffs on imports. d) financing local production of manufactured goods to keep money and resources within each country

The answer is b) razing poverty-stricken cities.

During the import substitution industrialization (ISI) phase, many countries in Middle and South America focused on modernizing and industrializing their national economies. This was a key component of ISI, as countries aimed to reduce dependency on foreign goods by developing their own industrial base.

Razing poverty-stricken cities was not a characteristic of the import substitution industrialization phase. The focus was more on economic policies and industrial development rather than urban renewal or demolition of impoverished areas.

Imposing high tariffs on imports was a central strategy of ISI. By making imported goods more expensive, countries encouraged the consumption of domestically produced goods, thereby fostering local industries.

Financing local production was another key aspect of ISI. Governments often provided subsidies and support to local industries to promote self-sufficiency and reduce reliance on foreign imports.