Only a few countries have followed outward-oriented development strategies for extensive periods of time.Which of the following countries is not one of those that have followed such a strategy successfully in the last decades.

Question

Quizplus · Accepted Answer

Russia has not followed an outward-oriented development strategy successfully in the last decades. Rather, Russia has been more focused on its abundant natural resources, and has been a major exporter of oil and gas. Japan, South Korea, and Singapore, on the other hand, are notable examples of countries that have successfully pursued outward-oriented development strategies, with a focus on export-oriented growth, open trade policies, and encouraging foreign investment.

Only a Few Countries Have Followed Outward-Oriented Development Strategies for Extensive