According to the authors, which of the following is NOT true regarding globalization lessons for developing countries?
A) Import oriented nations must switch to concentrate on domestication.
B) Export oriented nations must diversify their market to include major emerging markets.
C) Countries emphasizing exports should base their strategy on their true competitive advantage.
D) For countries with large populations, the size of the domestic market remains most important.
E) Overindulgence can lead to disaster.

Question

Quizplus · Accepted Answer

The authors actually state that "Import substitution has been largely discredited as a strategy for growth" and recommend that developing countries should focus on enhancing their competitiveness for exports instead of solely relying on domestic markets. Therefore, option A is incorrect as it contradicts the authors' view.

According to the Authors, Which of the Following Is NOT