Export promotion

Export promotion

A strategy for economic development that stresses expanding exports, often through policies to assist them such as export subsidies. The rationale is to exploit a country's comparative advantage, especially in the common circumstance where an over-valued currency would otherwise create bias against exports. Contrasts with import substitution.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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export promotion

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A strategy for economic development that stresses expanding exports, often through policies to assist them such as export subsidies. The rationale is to exploit a country's ...

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Also called 'Queening'. When a Pawn reaches the 8th rank, it can be promoted to a Bishop, Knight, Rook, or Queen of the same color.

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