A country that has had success with export-led growth policy is:

Question

Quizplus · Accepted Answer

South Korea is known for its successful implementation of an export-led growth policy, which helped it transition from a low-income to a high-income country in just a few decades. This policy involved promoting the manufacturing sector, particularly in industries such as electronics and automobiles, which were able to compete globally and generate high levels of export revenue. By focusing on exports, South Korea was able to attract foreign investment and develop strong trade relationships with key partners, thereby driving economic growth and development.

A Country That Has Had Success with Export-Led Growth Policy