What term describes the intentional strategy of reducing reliance on key imported consumer goods by encouraging the growth and development of local industries such as textiles and footwear?

Explanation

The correct answer is Import substitution. This approach focuses on replacing imported consumer products with domestically produced alternatives to strengthen local industries. Export promotion involves boosting goods sold abroad, economic self-sufficiency refers to complete independence from external trade, and manufacturing expansion is a broader term that doesn't specifically imply replacing imports.