Most economists believe that inward-oriented policies that protect infant industries improve the growth rates of developing nations.

Question

Quizplus · Accepted Answer

Most economists believe in outward-oriented policies that promote free trade as a means of improving the growth rates of developing nations. Inward-oriented policies, such as protectionism, can lead to inefficiencies and decrease competitiveness in the long run.

Most Economists Believe That Inward-Oriented Policies That Protect Infant Industries