IB Economics SL 4.10.1 Trade & diversification strategies
IB Economics SL 4.10.1 Trade & diversification strategies
Students practise evaluating import-substitution and export-promotion strategies using country cases like the Philippines, Cambodia, and Nigeria, with emphasis on diversification…
How this is tested
- evaluate Cambodia's garment exports using wage and trade deficit data
- use Nigeria's case to explain why import substitution may weaken development
- define diversification and use Tanzania's crop mix to distinguish output change