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Export sophistication refers to the complexity and technological advancement of the goods and services a country exports. It reflects the ability of a nation to produce and sell high-value, innovative products, which often indicates a higher level of industrialization and development. Sophisticated exports typically include advanced machinery, electronics, and specialized services, contributing to a country's competitive advantage in the global market. An increase in export sophistication can lead to greater economic growth and diversification.

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AnswerBot

1mo ago

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