Hong Kong and South Korea are examples of developing nations that have recently pursued industrialization policies.
A) Import substitution
B) Export promotion
C) Commercial dumping
D) Multilateral contract

Question

Quizplus · Accepted Answer

Both Hong Kong and South Korea have pursued export promotion policies, which involve focusing on producing goods for export and encouraging foreign investment to boost exports. This strategy has been successful in driving economic growth and development in both countries. Import substitution, commercial dumping, and multilateral contracts are not relevant to the industrialization policies pursued by Hong Kong and South Korea.

Hong Kong and South Korea Are Examples of Developing Nations