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Describe the high primary exports strategy of economic development

Describe the high primary exports strategy of economic development

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Dana
Development is export led. Exports are entirely primary products. It is argued that the only way to pay for imports is by exporting. Both colonial and non-colonial powers believe that less developed countries have comparative advantage in the production of primary products. The problem is that a country cannot sustain growth by continuously investing in primary products. A shift to the industrial sector is necessary
Dana05 answered the question on July 15, 2019 at 14:39

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