Assignment
1. The emergence of the covid-19 pandemic has greatly affected the economic growth and development of several countries world wide leaving a number of them in a depression. This has also led to a balance of payment deficit in different countries Uganda inclusive. However, the World Health Organization (WHO) has advised countries to develop relevant strategies to address their respective economic challenges. Uganda among other economies has advocated for import substitution as a strategy that can help close some gaps.
•As a student of business economics, do
you think that this strategy is relevant and applicable to your economy? (20
marks)