Choose the statement best describes import-substituting industrialization (ISI) and export-oriented industrialization (EOI).

Diversity on the Board of Directors: G
Water Use and Conservation:E
Workplace safety:S
Executive compensation:G
Human rights:S
Carbon footprint of production:E
a. Recession in the United States in the late 1970s and early 1980s.
b. Increased revenues for oil price shocks in the 1970s.
c. High tariffs in Latin American countries in the 1960s and 1970s.
d. They support international economic stability, which is a nonrival and nonexcluable good.
e. Both the ISI and EOI framework use trade policies to promote industrial development, encouraging rent-seeking behavior and political corruption.