Which of the following policies belong to the Export-Oriented Industrialization (EOI) strategy? A. Promoting production for...

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

Solutions

Expert Solution

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

Rahul Sunny answered 2 years ago

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