Why Did Developing Nations That Switched from a Policy of Import

question 3

Essay

Why did developing nations that switched from a policy of import substitution to a policy of export promotion generally grow faster during the past decade?

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Definitions:

Atmospheric Contamination

The presence of pollutants or hazardous substances in the atmosphere that can harm the environment or health.

Roll-Up Doors

Doors that save space by rolling up around a drum above the door opening, commonly used in garages and commercial buildings.

Voltage Regulator

A device that maintains a constant voltage level to electrical equipment, protecting it from damage due to voltage fluctuations.

Linehaul Trucks

Trucks utilized for long-distance transportation of goods, usually between cities or over hundreds of miles, as part of the logistics chain.