Question

Name the countries that pursued outward-oriented policies in the 20th century

Answer 1

Answer:

Singapore, South Korea, and Taiwan.

Explanation:

Outward-oriented development strategy or policy can be explained as the one that encourages free-trade, multinational companies, open system of communications, and free movement of capital, labor, and enterprises.

It is believed today that most of the poor countries are better off by pursuing the outward oriented policy because it will integrate them into world economy.

Also, countries that pursue these policies enjoyed high rate of economic growth.

In conclusion, an outward-oriented growth strategy is one that is oriented towards export and trade.

Answer 2

Answer:

Singapore, South Korea, Taiwan

Explanation:

Singapore, South Korea, Taiwan are the countries that pursued outward-oriented policies in the 20th century

Most of the economists today believed that poor countries are better off pursuing the outward-oriented policies because it help to place this countries into the world economy.

Singapore, South Korea, Taiwan benefited high rate of economic growth because the pursue the outward-oriented policies than some countries such as Argentina who pursue inward-oriented policies.