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Advantages Of Export Oriented Industrialization

835 Words4 Pages

Abstract: Purpose of this research paper is research export-oriented industrialization. It will be explored every this industrial strategy with research methods. It identified what is advantages of export-oriented industrialization and what problems can it create for the development of economy. It will be used different resources related to the topic.
Methodology. It was used different resources in this paper. After the data was collected about topic, later data was organized and analyzed. As well as, it was used secondary data analysis resources for paper analysis. For example, journal, paper, book and so on. Because, some data were used from papers about this research .This research based on inductive method. We got a conclusion from data …show more content…

In this paper export oriented industrialization will be introduced.. The advantages and the disadvantages of this strategy will be stated. Later, in this strategy economic growth will be analyzed. And are identified which export oriented strategy is better to successful economic growth.
What is export-oriented strategy. Export oriented industrialization is indispensable for economic growth.
Export-oriented industrialization is related to the theory of comparative advantage. And this strategy is a trade and economic policy which this strategy aiming industrialization process of a country. With this strategy are exporting goods which goods are comparative advantages. Some countries used from this strategy for export-led growth. This kind of economic development model has advantages which enable putting the country’s products into the international competition. Countries used from export-oriented industrialization strategy which these include are Japan South Korea, Tailand, Singapore and other countries in the World War II period. Also, the export-oriented strategy has played a very important role for the successful development of East Asian economies after the World War II. Export oriented strategy based on types of internal and external conditions in East Asia. These conditions include an …show more content…

For example, after financial crisis, the financial crisis, international raw material and energy prices practiced sharp volatility and this situation caused difficulties for countries which they wanted following this strategy. However, after the financial crisis the changes in international and domestic environments did not change the nature and trends of globalization, only temporarily slowed the pace of this process. East Asian countries can therefore continue their export oriented strategy, but should be prepared for slower progress than in past decades. As well as, firstly, it must be noted that export oriented industrialization is different in large countries and smaller countries. In fact, in small countries have small area, small population and small markets and when they use export orientated strategy then can get larger scale economy profit. Also, in small countries is the amount of the unemployed labor force, the surplus products and disused resources which is comparatively small than large countries and they only need to achieve a small export scale to solve these problems. But in large countries is the number of unemployed people and surplus products huge and a large increase in export cannot solve these problems. Therefore, export-oriented industrialization is better in smaller country. As well as, several disadvantages have in this strategy. For example, if a large amount of the country 's

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