For Third World nations, export-oriented industrialization resulted in ______.
A) access to cheap labor
B) more control over the fate of Third World countries
C) access to foreign exchange for purchase of First World technologies
D) arrival of the global consumer

Question

Quizplus · Accepted Answer

Export-oriented industrialization allowed Third World nations to generate foreign exchange from exports, which they could then use to purchase technologies from developed countries, thereby increasing their control over their own fate. Additionally, it did provide access to cheap labor, but it did not necessarily result in the arrival of the global consumer, as this depended on the success of the exports in the international market.

For Third World Nations, Export-Oriented Industrialization Resulted in ______