Question

According to the authors, which of the following is NOT true regarding globalization lessons for developing countries? a. For countries with large populations, the size of the domestic market remains most important. b. Overindulgence can lead to disaster. c. Import oriented nations must switch to concentrate on domestication. d. Export oriented nations must diversify their market to include major emerging economies. e. Countries emphasizing exports should base their strategy on their true competitive advantage.

Answer 1

Answer:

C.) Import oriented nation must switch to concentrate on domestication.  

Explanation:

• We are taking china as a developing country that is taking benefits from globalization.  

• China is the only country that is progressing itself at the level of a European country.

• The progression of these countries has been taken step by step from geographical zone to the economic zones and progressing by implanting new industries.  

• To attract foreign direct investment in their country.  

• This country has the ultimate ends of the ends meet not for just opening up or just protection.