What does export-oriented industrialization mean?

Definitions for export-oriented industrialization
ex·port-ori·ent·ed in·dus·tri·al·iza·tion

Here are all the possible meanings and translations of the word export-oriented industrialization.

Freebase

  1. Export-oriented industrialization

    Export-oriented industrialization sometimes called export substitution industrialization, export led industrialization 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 practise 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 floating exchange rate, 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 Asian Tigers: Hong Kong, South Korea, Taiwan, and Singapore in the post-World War II period.

Numerology

  1. Chaldean Numerology

    The numerical value of export-oriented industrialization in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of export-oriented industrialization in Pythagorean Numerology is: 4

Images & Illustrations of export-oriented industrialization

  1. export-oriented industrializationexport-oriented industrializationexport-oriented industrialization


Translations for export-oriented industrialization

From our Multilingual Translation Dictionary

  • برآمد پر مبنی صنعتی بناناUrdu

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"export-oriented industrialization." Definitions.net. STANDS4 LLC, 2019. Web. 22 Mar. 2019. <https://www.definitions.net/definition/export-oriented+industrialization>.

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