Export-led development refers to ________.
A)a country's efforts to promote its exports in order to reduce its trade deficits
B)a policy to promote domestic production of goods that would otherwise be imported
C)a program to promote industries with export potential
D)decreases in infrastructure development due to the loss of revenue from export tariffs

Question

Quizplus · Accepted Answer

Export-led development refers to a program to promote industries with export potential. It involves encouraging production of goods and services that can be sold in foreign markets to increase export revenues and boost economic growth.

Export-Led Development Refers to ________