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Export promotion, also known as export-led growth, is a strategy for developing nations to achieve economic growth through increased international trade. The core concept is straightforward: by promoting domestic products to attract foreign markets, countries can stimulate economic development. This outward-oriented approach focuses on boosting exports, which in turn enhances money flow and export revenue, ultimately contributing to aggregate demand. The premise is that an increase in exports will correlate with growth in domestic gross product, leading to overall economic benefits for the country.
