Export-oriented Industrialization (EOI) sometimes called export substitution industrialization (ESI) or export led industrialization (ELI) is a trade and economic policy aiming to speed-up the industrialization process of a country through exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries.

PropertyValue
dbpprop:abstract
  • Export-oriented Industrialization (EOI) sometimes called export substitution industrialization (ESI) or export led industrialization (ELI) is a trade and economic policy aiming to speed-up the industrialization process of a country through exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries. Reduced tariff barriers, floating exchange rate (devaluation of national currency is often employed to facilitate exports), and government support for exporting sectors are all an example of policies adopted to promote EOI, and ultimately economic development. Export-oriented Industrialization was particularly characteristic of the development of the national economies of the Asian Tigers: Hong Kong, South Korea, Taiwan and Singapore in the post World War II period. The purpose of international institutions such as the World Trade Organization, work in favor of such trade strategies and promote multilateral trade policy rules to put every nation on the same playing field. Despite its support in mainstream economic circles, its success has been increasingly challenged over recent years due a growing number of examples in which it has not yielded the expected results. EOI increases market sensitivity to exogenous factors, and is partially responsible for the damage done by the 1998 economic crisis to the economies of countries who used export-oriented industrialization. It is also criticized for its lack of product diversity, which makes the economies potentially unstable. Export-oriented industrialization is often contrasted with import substitution industrialization. It grew as a reaction to import substitution.
  • 輸出志向型工業化（ゆしゅつしこうがたこうぎょうか、Export-oriented industrialization）とは、発展途上国が世界市場への進出を目指して、工業化を進める際、自国への外資系企業の誘致を促し、生産および輸出を行う政策のこと。自国への外資系企業の参入を容易にするため、保護政策を撤廃するなど国内の基盤整備が必要となる。1980年代以降、アジア経済の高成長の一因となった。
dbpprop:hasPhotoCollection
rdfs:comment
  • Export-oriented Industrialization (EOI) sometimes called export substitution industrialization (ESI) or export led industrialization (ELI) is a trade and economic policy aiming to speed-up the industrialization process of a country through exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries.
rdfs:label
  • Export-oriented industrialization
  • 輸出志向型工業化
owl:sameAs
skos:subject
foaf:page
is dbpprop:redirect of