Activity 01
Formal Debate: ISI vs Export Promotion
Assign small groups to one strategy: ISI or export promotion. Groups prepare arguments using case studies from Latin America and East Asia, including data on GDP growth and efficiency. Present to class, followed by cross-group rebuttals and a class vote on effectiveness.
Compare the effectiveness of import substitution versus export promotion strategies.
Facilitation TipDuring the ISI vs Export Promotion debate, assign clear roles (e.g., trade minister, domestic producer) to ensure all students engage with both perspectives, not just the most vocal participants.
What to look forPose the question: 'Given the historical challenges of inefficiency and innovation, should developing countries today consider any form of import substitution?' Facilitate a debate where students must support their arguments with specific economic principles and historical examples.