Browsing: Export-led economic growth

When exports receipts increase it means from the definition given that the country that pursues this strategy will find itself in the desired position where it earns more than it spends.

This in the long run will lead to the country becoming less reliant on balance of payments support from multilateral lenders and repaying its debt obligations.

For a country like Zimbabwe, it is imperative that the southern African country pursues this strategy as the increased foreign exchange receipts will provide desperately needed foreign currency and monetary stability.…