The importance of trade to developing countries in promoting their economic growth and development has been demonstrated by many researchers. Generally, the markets of the developed countries are of vital importance to the developing economies. In most cases, lucrative market opportunities as well as conditions of easy access to developed-country markets determine the success of an export-oriented strategy for socio-economic development of developing economies . During the post-war era, the expanding role of public sector enterprises from developing countries has been witnessed in both domestic and international markets to promote developing-country developmental efforts. For instance, in the Indian context, official documents suggest that export promotion is one of the eight different performance criteria set for public-sector enterprises [2, p. 879].
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Public Administration
- Political Science and International Relations
- Management, Monitoring, Policy and Law