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Pros and Cons of Exporter Countries

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A lot of people, including politicians, tend to think of exports as positive for the economy and imports as negative. What is your opinion on this topic? Provide some examples of countries that pursue this concept

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Solution Summary

This solution briefly looks at the pros and cons of exporting rather than importing, and uses Latin America and its relationship with China and India as the main examples. Additionally, themes of economic dependency and efficiency are considered in the analysis of the pros of exporter countries.

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A lot of people, including politicians, tend to think of exports as positive for the economy and imports as negative. What is your opinion on this topic? Provide some examples of countries that pursue this concept.

Exports bring forth a source of revenue for export-oriented countries, a general boom in the economy, and this brings further advantages. Wage increases may result and industries (the ones that are exporting) may invest in technological advancements to make exports cost-efficient. Additionally, politicians of exporting countries may use ...

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