Export-oriented industrialization is a policy of:
A)encouraging the consumption of high-tech foreign exports to fuel domestic industrialization.
B)promoting economic development by encouraging free trade.
C)promoting economic development by encouraging manufacturing for foreign consumption.
D)encouraging economic development by promoting foreign direct investment.
E)encouraging developed countries to reduce tariff barriers on developing countries' exports.

Question

Quizplus · Accepted Answer

Export-oriented industrialization is a policy aimed at promoting economic development by encouraging manufacturing for foreign consumption. This policy is typically implemented in developing countries as a means of spurring industrialization and boosting the country's exports. By focusing on manufacturing goods that are in demand in other countries, the country can take advantage of global markets and generate foreign exchange earnings.

Export-Oriented Industrialization Is a Policy Of