Devaluation and export promotion.

From: Economic Review | Date: September 1, 1993| Author: | Copyright information

INTRODUCTION

Export is called the engine of economic growth. The advantages from export are manifold. First of all, it enables a country like Pakistan to exchange low skill export for skill, technology and capital intensive import. Secondly trade is a major source of 'transfer of technology and ideas. Production processes and products are invariably changing in the course of economic development as the growth of electronics industry in the recent past clearly shows. Thirdly, reliance in export inevitably keeps efficiency and competitive edge in the forefront of the industrial ...

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