The essence of outward-looking development is that it:

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Outward-looking development focuses on establishing an incentive system that encourages firms to seek export markets. This is done by creating policies and regulations that make it more attractive for firms to engage in exporting. This approach differs from import substitution, which seeks to protect domestic industries by limiting competition from foreign imports. Outward-looking development is often associated with promoting free market principles and getting prices right, but the essential feature is the creation of incentives for firms to engage in exporting. A and D are not accurate descriptions of outward-looking development, and B is only partially accurate.

The Essence of Outward-Looking Development Is That It