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What is Benefits of Export-Led Growth Strategy about?

This document discusses export-led growth strategies. It explains that import substitution was dominant after the 1929 stock market crash, but many countries later adopted export-led growth strategies. Export-led growth involves expanding GDP, jobs, and incomes through exporting goods and services. Countries like China, South Korea, and Vietnam have experienced rapid growth through export industries. The advantages of export-led growth include increased aggregate demand and incomes. Potential risks include

Author

aman mittal

Language

EN