Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?
A)international commodity agreements
B)Infant Industry promotion
C)import substitution
D)intra- industry trade practice
E)export promotion

Question

Quizplus · Accepted Answer

Export promotion emphasizes the comparative advantage principle by encouraging countries to produce and export goods in which they have a relative efficiency, thereby optimizing resource allocation.

Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative