Which trade policy should be taken for developing country?

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2026-05-19 09:50

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Developing countries should adopt a trade policy that emphasizes gradual liberalization, allowing for the protection of nascent industries while fostering competitiveness. This can be achieved through strategic tariffs and quotas, as well as incentives for foreign investment. Additionally, investing in infrastructure and education can enhance productivity and support sustainable growth. Finally, engaging in regional trade agreements can provide access to larger markets while promoting economic integration.

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