Outward-oriented policies

Question

Quizplus · Accepted Answer

Outward-oriented policies, such as free trade and foreign investment, have generally led to high growth for the countries that pursued them. This is supported by evidence from various countries, such as China and South Korea, which have seen significant economic growth through such policies. A is incorrect because outward-oriented policies allow countries to take advantage of gains from trade. C is incorrect as economists generally support outward-oriented policies despite any potential criticisms.

Outward-Oriented Policies