Taiwan and South Korea are examples of developing nations that have recently pursued these industrialization policies:
A) import substitution.
B) export promotion.
C) commercial dumping.
D) multilateral contract.
E) trade embargoes.

Question

Quizplus · Accepted Answer

Taiwan and South Korea have both pursued export promotion policies, which aim to increase exports and promote economic growth through government support and incentives for exporting industries. Both countries have seen significant economic growth and development as a result of this approach. Import substitution policies, which promote domestic production and reduce reliance on imports, have been more commonly associated with earlier stages of industrialization. Commercial dumping, trade embargoes, and multilateral contracts are all unrelated to the industrialization policies pursued by Taiwan and South Korea.

Taiwan and South Korea Are Examples of Developing Nations That