Export-led growth tends to:
A) Exploit domestic comparative advantages
B) Discourage competition in the global economy
C) Lead to unemployment among domestic workers
D) Help firms benefit from diseconomies of large-scale production

Question

Quizplus · Accepted Answer

Export-led growth encourages firms to focus on producing goods and services that they are relatively better at producing compared to other countries. This leads to the exploitation of domestic comparative advantages and stimulates economic growth through exports.

Export-Led Growth Tends To