To become leaders in the world market, countries need related and supporting industries because:

Question

Quizplus · Accepted Answer

Clusters of strong suppliers can accelerate innovation by working together to develop new technologies and products, and by providing each other with raw materials, components, and expertise. This can make a country more competitive in the global market and help it become a leader in certain industries. Eliminating the need to import materials may also be a benefit, but it is not the primary reason why related and supporting industries are important. Generating revenue for further investment is also a potential benefit of having strong suppliers, but it is not the main reason why countries need these industries. Protectionism is not a desirable or effective approach to promoting economic growth and competitiveness in the long term.

To Become Leaders in the World Market, Countries Need Related