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Export promotion, also known as export-led growth, is a strategy for developing nations to bolster economic growth through increased international trade. The core concept is to enhance trade to stimulate growth by showcasing and promoting local products to global markets. This outward-oriented approach focuses on boosting exports, which in turn elevates export revenue and contributes significantly to a country's aggregate demand. The underlying principle is that elevating exports will directly correlate with an increase in domestic gross product (GDP), catalyzing overall economic development.
