An export promotion development strategy tends to create fewer jobs than an import substitution strategy.

Question

Quizplus · Accepted Answer

An import substitution strategy often focuses on developing domestic industries to produce goods internally that a country has been importing, which can be capital and technology-intensive, potentially creating fewer jobs compared to an export promotion strategy. Export promotion aims at expanding market access for domestic producers and can lead to job creation in various sectors, including labor-intensive industries, to meet the diverse demands of the international market.

An Export Promotion Development Strategy Tends to Create Fewer Jobs