In: Economics
Which of the following policies belong to the Export-Oriented Industrialization (EOI) strategy?
A. Promoting production for domestic markets
B. Setting up a fixed exchange rate
C. Opening domestic markets to foreign competition in exchange for market access in other countries
D. Imposing high tariffs on imports
Answer = correct option is A
Reason = export industrialization strategy objective is to speed up the process of industrialization of a country by Increase in exporting the goods which a country has comparitive advantage . So in order to fulfill this objective they promote production in domestic markets so that these production in domestic markets can increase exports