After World War II,many countries in Asia discarded import substitution and opted for a form of economic development known as

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After World War II, many countries in Asia (such as Japan, South Korea, Taiwan, and Singapore) adopted export-oriented industrialization as a strategy for economic development. This involved pursuing a policy of export-led growth, whereby a country focuses on producing and exporting goods for sale in foreign markets, rather than relying on import substitution or domestic consumption. This strategy helped these countries achieve high rates of economic growth and transform their economies from agricultural-based to industrial-based ones. Microfinance, debt-based agriculturalism, and centralized developmentalism were not widely implemented strategies for economic development in Asia after World War II.

After World War II,many Countries in Asia Discarded Import Substitution