Why is an outward-oriented development strategy likely to allocate resources more efficiently than an inward-oriented strategy?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 08:42 AM

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Why is an outward-oriented development strategy likely to allocate resources more efficiently than an inward-oriented strategy?

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An outwardoriented development strategy also known as exportled growth or outwardlooking policy emphasizes promoting exports and engaging with the glo...View the full answer

Economics

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