_______________ is the idea that exports of developing countries to developed countries cannot grow rapidly because of the protectionist policies of the developed countries.
A)Seeing the export glass half empty
B)Export pessimism
C)Import substitution
D)Export-led growth

Question

Quizplus · Accepted Answer

Export pessimism refers to the belief that developing countries face obstacles in increasing their exports to developed countries due to protectionist policies. This idea suggests that exports will not grow rapidly and there is a negative view towards exporting as a means of economic development. Import substitution, on the other hand, is a different concept that refers to the strategy of replacing imported goods with locally produced goods to stimulate domestic industries. Export-led growth is a theory that suggests that a country's economic growth can be driven by increasing its exports.

_______________ Is the Idea That Exports of Developing Countries to Developed