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Why was Export Discipline a successful policy in several Asian countries in promoting economic growth? Group of answer choices Foreign products were banned from the
Why was Export Discipline a successful policy in several Asian countries in promoting economic growth? Group of answer choices Foreign products were banned from the country, eliminating imports and allowing the country to soak in investment and returns through exports, boosting GDP by ensuring a positive value for net exports. Domestic firms were given subsidies to allow them to compete for customers with foreign firms, growing their market shares and increasing the return on investment for these firms. The countries refrained from exporting too many of its goods and services so that they would be available within the country, increasing living standards as well as increasing the share of national income going to investment. Domestic firms were protected from foreign competition within the country, but were required to export a minimum percentage of their product, forcing them to continue to innovate and compete internationally
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