Export-led Growth

Export-led growth is an economic strategy where a country focuses on producing goods or services primarily for sale to other countries. By expanding exports, the country can increase its income, create jobs, and stimulate domestic industries. This approach often encourages innovation, efficiency, and competitiveness, leading to overall economic expansion. Countries that adopt export-led growth aim to leverage global markets to drive sustained development, relying on their ability to produce competitively priced, high-quality products for international consumers.