Export promotion is concerned with which of the following? |
Liberalisation Privatisation Globalisation None of the above |
Globalisation |
The correct answer is option 3- Globalisation. Export promotion refers to efforts and strategies aimed at increasing a country's exports. This often happens as part of globalisation, which involves integrating a country’s economy with the global economy, including trade. Export promotion involves opening up markets and expanding trade internationally.
* Liberalisation and privatisation are related to reducing government controls and transferring ownership to the private sector, respectively, but are not directly concerned with export promotion. |