A country is strongly outward-oriented if there is less or no control on international trade.

Question

Quizplus · Accepted Answer

A country that has less or no control on international trade allows for easier access to foreign markets and promotes exports, leading to a more outward-oriented economy. Countries that have strong trade policies and restrictions can limit the ability of their domestic firms to engage in global trade, leading to a more inward-oriented economy.

A Country Is Strongly Outward-Oriented If There Is Less or No