Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?
A) xport promotion
B) import substitution
C) international commodity agreements
D) Infant Industry promotion
E) intra-industry trade practice

Question

Quizplus · Accepted Answer

Export promotion policies encourage developing countries to focus on producing and exporting goods in which they have a comparative advantage, rather than trying to produce everything domestically. This approach allows countries to specialize in certain industries and use their resources more efficiently, ultimately increasing economic growth and development.

Which Industrialization Policy Used by Developing Countries Places Emphasis on the Comparative