A country adopts economic development strategy based on its

A country adopts economic development strategy based on its natural comparative advantage and exp Import-Substitution Development Strategy Primary Export-led Development Strategy Outward-looking Development Strategy All of the above

Solution

Comparative advantages theory holds that a country seeks to maximize its economic gain by specialising in production of such goods where it has comparative advantage. Country can produce such goods at relatively lower cost. Thus, a country seeks to establish trade relations with other countries to maximize its economic gain.

Hence, right answer is \"Outward looking Development Strategy\"