Export-Led Development Refers to ________

question 12

Multiple Choice

Export-led development refers to ________.

• A)a country's efforts to promote its exports in order to reduce its trade deficits
• B)a policy to promote domestic production of goods that would otherwise be imported
• C)a program to promote industries with export potential
• D)decreases in infrastructure development due to the loss of revenue from export tariffs

---

Definitions:

National Policy

A course of action adopted and pursued by a government to guide decisions and achieve rational outcomes at the country level.

Dominant Cultural Patterns

The prevalent norms, values, and behaviors that characterize a society or organization and influence its members.

Emerging Innovations

New and novel ideas, practices, or products that are in the process of being developed and have potential to change current standards.

Organizational Survival

The ability of an organization to continue to operate and grow over the long term, amidst competition and changing market conditions.