Asked by Hunter Jackson on Jul 23, 2024
Verified
A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.
A) microfinanciers
B) the World Bank
C) the International Monetary Fund
D) a government
Industrial Policy
A strategic effort by a government to encourage the development and growth of specific sectors or industries within the economy.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people, typically seen through increases in income, education, and health.
World Bank
A worldwide financial agency offering loans and grants aimed at funding capital improvements in less affluent nations through governmental channels.
- Analyze the contribution of export promotion and industrial policies towards the development of the economy.
Verified Answer
Learning Objectives
- Analyze the contribution of export promotion and industrial policies towards the development of the economy.
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