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.

Use export promotion in a sentence

You may want to try and use export promotion to grow your business in many new ways and areas if you can.

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The export promotion strategy was effective in the short term by making their goods more competitive in the international marketplace.

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The President of the United States has adopted a free-trade policy because he wants to reduce tariffs and expand the economy through a strategy of export promotion.

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export multiplier export led growth