Multiple Choice
Which of the following is one of the disadvantages of export-oriented industrialization?
A) It may be very difficult for developing nations to set up export industries because of the competition from the more established and efficient industries in developed nations
B) Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient
C) Import substitution can lead to inefficient industries because of the smallness of the domestic market in many developing nations
D) Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient.
Correct Answer:
Verified
Correct Answer:
Verified
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