Question

The development policy based on encouraging economic growth via exports of goods and services, usually starting with light manufacturing such as textiles, is known as _____________.

Answer 1

Export led growth

Step-by-step explanation:

Export led growth

Export led growth is a business strategy used by developing countries in order to export goods that selling consist of major advantages to economy.

Export led growth is sometimes defined as export led industrialization that aim to expand industrialization process not in same country but in foreign country too.

The countries that inherit the export led growth are Singapore, china, Vietnam etc. They have high trade-GDP ratio which evaluate total trade value with respect to GDP.