What does export-oriented mean?

Definitions for export-oriented
ex·port-ori·ent·ed

This dictionary definitions page includes all the possible meanings, example usage and translations of the word export-oriented.

Wikipedia

  1. export-oriented

    Export-oriented industrialization (EOI) sometimes called export substitution industrialization (ESI), export led industrialization (ELI) or export-led growth is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries. However, this may not be true of all domestic markets, as governments may aim to protect specific nascent industries so they grow and are able to exploit their future comparative advantage and in practice the converse can occur. For example, many East Asian countries had strong barriers on imports from the 1960s to the 1980s. Reduced tariff barriers, a fixed exchange rate (a devaluation of national currency is often employed to facilitate exports), and government support for exporting sectors are all an example of policies adopted to promote EOI and, ultimately, economic development. Export-oriented industrialization was particularly characteristic of the development of the national economies of the developed East Asian Tigers: Hong Kong, Singapore, South Korea, and Taiwan in the post-World War II period. Export-led growth is an economic strategy used by some developing countries. This strategy seeks to find a niche in the world economy for a certain type of export. Industries producing this export may receive governmental subsidies and better access to the local markets. By implementing this strategy, countries hope to gain enough hard currency to import commodities manufactured more cheaply elsewhere.In addition, a recent mathematical study shows that export-led growth is where wage growth is repressed and linked to the productivity growth of non-tradable goods in a country with under-valued currency. In such a country, the productivity growth of export goods is greater than the proportional wage growth and the productivity growth of non-tradable goods. Thus, export price decreases in the export-led growth country and makes it more competitive in international trade.

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Numerology

  1. Chaldean Numerology

    The numerical value of export-oriented in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of export-oriented in Pythagorean Numerology is: 8

Examples of export-oriented in a Sentence

  1. Van Geffen:

    The main affect of Trump cutting taxes will be on U.S. markets, but if the U.S. does better, it is good for an export oriented country like the Netherlands and Germany and therefore for the rest of the Eurozone as well.

  2. Chancellor Sebastian Kurz:

    Both Switzerland and Austria are small, export-oriented countries that are well-connected internationally, it's clear that the desire in our countries to open is perhaps stronger than elsewhere. Our goal is of course to solve the situation involving our larger border with Germany. Talks with Germany are going excellently. Expect a breakthrough there, too.

  3. Peter Dixon:

    That's going to make life very much more difficult for Swiss companies. The export-oriented manufacturers are going to take the biggest hit and cyclical stocks like ABB will be in the firing line.


Translations for export-oriented

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"export-oriented." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/export-oriented>.

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1 Comment
  • Selena Tenass
    Selena Tenass
    BOB
    LikeReply6 years ago

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