Question

explain 3 bad impact of inward looking trade strategy ​

Answer 1

Answer:Restricts outflow of foreign reserves of the government. It restricts competition, improved quality of goods and services. Restricts import of new technology and ideas. Increases inefficiency of the domestic producers.

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Answer 2

Answer:

Restricts outflow of foreign reserves of the government. It restricts competition, improved quality of goods and services. Restricts import of new technology and ideas. Increases inefficiency of the domestic producers.

Explanation:

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