In the two decades (1960-1980), import-substituting industries took effect in the first stage (consumer goods), but seemed to fail in the second stage as usual (consumer durable goods, intermediate goods and capital goods).
In the two decades (1960-1980),import-substituting industries took effect in the first stage (consumer goods), but seemed tofail in the second stage as usual (consumer durable goods, intermediate goods and capitalgoods).