Question

The strategy of laying stress on domestic production which is usually adopted by developing countries is called as ________________.

• A. Open economy strategy
• B. Growth oriented strategy
• C. Inward oriented strategy
• D. Export substitution strategy
• E. None of the above

Answer 1

The correct option is C Inward oriented strategy

The strategy adopted by the developing countries to strengthen the domestic industries by an providing lot of protection to domestic industry in the form of heavy tarrifs/ restrictions on imports is called the inward oriented strategy. Thus the main feature of the inward oriented strategy is to lay stress on domestic production.