What is outward looking policy?

Outward-looking policy refers to a strategic approach adopted by countries that emphasizes engagement with the global economy and international markets. This policy often includes promoting exports, attracting foreign investment, and fostering trade relationships. By focusing on external opportunities, nations aim to stimulate economic growth, increase competitiveness, and enhance their global presence. In contrast to inward-looking policies, which prioritize domestic needs and protectionism, outward-looking strategies encourage openness and collaboration with other countries.