The development policy based on encouraging economic growth via exports of goods and services, usually starting with light manufacturing such as textiles, is known as
A)export-oriented growth
B)import-substitute industrializations
C)structural-adjustment programs
D)globalization

Question

Quizplus · Accepted Answer

Export-oriented growth is a specific development policy that aims to boost economic growth by focusing on increasing exports of goods and services. This strategy typically focuses on promoting and developing light manufacturing industries, such as textile production, that can produce goods for export. By increasing exports, these economies can earn foreign exchange and investment, create employment opportunities, and stimulate economic growth.

The Development Policy Based on Encouraging Economic Growth Via Exports