What is an effect of outward-oriented policies?
A) Some countries gain and some lose from trade.
B) They have generally led to high growth for the countries that pursued them.
C) They impede growth in poor countries, but create more jobs.
D) They increase GDP, but also increase overall unemployment.

Question

Quizplus · Accepted Answer

Outward-oriented policies, such as free trade and export promotion, have been found to lead to high economic growth for the countries that pursue them. This is because they encourage specialization, competition, and technological advancement, which ultimately increase productivity and efficiency in the economy. While some countries may gain more than others from trade, the overall effect on economic growth is positive.

What Is an Effect of Outward-Oriented Policies