For Developing Countries

question 35

Multiple Choice

For developing countries:

• A) it is best if they avoid trade until ready to compete globally.
• B) encouraging imports only tends to be more successful than encouraging exports.
• C) encouraging exports only tends to be more successful than encouraging imports.
• D) trade can be a major source of development.

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Definitions:

Neo-Capitalist Nations

Countries that have adopted updated or modified forms of capitalism, reflecting a blend of traditional capitalist principles with new policies or social systems.

Industrialize

The process by which a society or country transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services.

Economies Interdependent

The state in which countries or regions depend on each other economically, often due to specialization and exchange of goods and services.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to a more interconnected and interdependent world.