To develop its economy and speed up industrialization, in the 1950s and 1960s Taiwan launched a program focused on expanding manufacturing to leverage global comparative advantages. This is an example of ______.

Question

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The program focused on expanding manufacturing to leverage global comparative advantages in Taiwan during the 1950s and 1960s is an example of export-oriented industrialization. This strategy emphasizes producing goods for export to global markets as a path to economic growth.

To Develop Its Economy and Speed Up Industrialization, in the 1950s