An inward-oriented strategy is designed to:
A) expand a country's export capacity.
B) lower the production of capital goods.
C) develop the domestic manufacturing sector.
D) promote the consumption of imported goods.
E) improve productivity in the domestic service sector.

Question

Quizplus · Accepted Answer

An inward-oriented strategy is focused on developing the domestic manufacturing sector, which means increasing production and consumption of goods domestically, rather than relying on imports. This strategy often involves implementing protectionist measures such as tariffs or import quotas to limit foreign competition and promote domestic industries.

An Inward-Oriented Strategy Is Designed To