Information AboutExport-oriented Industrialization |
| CATEGORIES ABOUT EXPORT-ORIENTED INDUSTRIALIZATION | |
| international trade | |
| international economics | |
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It has been mostly successful, although it can be sensitive to the market. The 1998 economic crisis hurt the economies of countries who used export-oriented industrialization. It is criticized for its lack of product diversity, which makes the economies potentially unstable. Export-oriented industrialization is often contrasted with Import Substitution Industrialization . It grew as a reaction to import substitution. |
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