Analyze the different phases in the evolutionary process of foreign trade regimes for a developing country.

The evolutionary process of foreign trade regimes in a developing country is characterized by distinct phases influenced by the broader economic and social environment. Each phase reflects changing priorities in response to domestic developmental needs, international economic dynamics, and ideological orientations. These phases generally encompass inward-oriented trade policies, gradual liberalization, full-scale trade liberalization, and strategic integration into the global economy.

In the early stages of development, most developing countries adopt an inward-looking or import-substitution industrialization (ISI) strategy. This phase typically arises in the post-independence era when countries seek to reduce dependence on foreign goods and build domestic industrial capacity. The economic rationale stems from the belief that nascent industries require protection from global competition to develop and become self-sustaining. Policies in this phase include high tariffs, import quotas, and foreign exchange controls. The social motivation is often driven by a desire for national _____ _________ ____ _________ __________ ________ ________ _________.
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