Advantages
• Make a couple products, and make them well
• Slowly stop making simple items and start making more complex ones
• Leads to GDP growth
Disadvantages
• Reliant on government for subsidies and tariff barriers
• Other countries would often undercut them, thus killing a large portion of the country
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
The advantages of GATT include being a step towards globalization with possible growth increase, allowing input sources and export markets, and providing a chance for developing nations to embrace new reforms. The disadvantages are that members cannot seek specific components or opt out of them, it is market-oriented, developing nations must deal with the developed nations' corporations, and developing nations can only prosper with a boosted economy.
There are no advantages of "Export Orientation". Standalone, the phrase is meaningless and has probably been produced as a form of management speak.
Advantages of ISI 1. Increase in domestic employment 2. Reducing dependence on labour non-intensive industries such as raw resource extraction and export 3. Resilience in the face of a global economic shock ( such as recessions and depressions) 4. Less long-distance transportation of goods ( and concomitant fuel consumption and greenhouse gas and other emissions) Disadvantages: 1. The industries it creates are inefficient and obsolete as they aren't exposed to internationally competitive industries which constitute their rivals and that the focus on industrial development impoverishes local commodity producers who are primarily rural. 2. Increase in unemployment internationally as world GDP decreases through the promotion of inefficiency.
One of the disadvantages of the FDI in connection with export promotion is that it is affected with other conditions like the deterioration of the exchange rates. The other disadvantage is that the cost of exporting the perishable goods is high.
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
The advantages of GATT include being a step towards globalization with possible growth increase, allowing input sources and export markets, and providing a chance for developing nations to embrace new reforms. The disadvantages are that members cannot seek specific components or opt out of them, it is market-oriented, developing nations must deal with the developed nations' corporations, and developing nations can only prosper with a boosted economy.
export oriented unit
Exporting can create economies of scale which leads to lower costs. Transportation costs are higher and there are more government regulations.
Export have many kind of advantages. 1. Helps improve economy 2. Country can buy other necessery item by the mony earned from Export
general currency area
There are no advantages of "Export Orientation". Standalone, the phrase is meaningless and has probably been produced as a form of management speak.
I knwo an advantage is that the colony was concidered the leader in agriculture, they made a lot of surplus for export and trade, and that added on to the wealth of the colony and people
Advantages of ISI 1. Increase in domestic employment 2. Reducing dependence on labour non-intensive industries such as raw resource extraction and export 3. Resilience in the face of a global economic shock ( such as recessions and depressions) 4. Less long-distance transportation of goods ( and concomitant fuel consumption and greenhouse gas and other emissions) Disadvantages: 1. The industries it creates are inefficient and obsolete as they aren't exposed to internationally competitive industries which constitute their rivals and that the focus on industrial development impoverishes local commodity producers who are primarily rural. 2. Increase in unemployment internationally as world GDP decreases through the promotion of inefficiency.
Good perspective, if export oriented
export oriented and control of exchange primarily in U.S. dollars