Review:
Export Oriented Industrialization
overall review score: 4.5
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score is between 0 and 5
Export-oriented industrialization is a strategy of economic development that focuses on increasing a country's exports by developing industries that can produce goods for foreign markets.
Key Features
- Increased export capacity
- Economic growth
- Diversification of industries
Pros
- Boosts economic growth
- Creates employment opportunities
- Promotes technological advancements
Cons
- Dependency on foreign markets
- Potential exploitation of labor