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 manufacturing for foreign consumption.
C)encouraging economic development by promoting foreign direct investment.
D)encouraging developed countries to reduce tariff barriers on developing countries' exports.

Question

Quizplus · Accepted Answer

Export-oriented industrialization is a policy of promoting economic development by encouraging manufacturing for foreign consumption. This includes encouraging the production and export of goods and services that will allow a country to increase its foreign exchange earnings and promote economic growth through the creation of employment opportunities.

Export-Oriented Industrialization Is a Policy Of