exporting commodities

Why Is Dependence On Exports Bad?

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Why Is Dependence On Exports Bad? For countries heavily reliant on exporting commodities, the volatility of world prices provides an obvious risk. But even with manufactured products whose prices are more predictable, export-driven countries risk suffering when there is a downturn in global demand leaving huge amounts of spare capacity. Why is export dependency bad?

What Is Export Led Growth Strategy?

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What Is Export Led Growth Strategy? Key Takeaways. An export-led growth strategy is one where a country seeks economic development by opening itself up to international trade. The opposite of an export-led growth strategy is import substitution, where countries strive to become self-sufficient by developing their own industries. Which policy is an export-led growth strategy?