Which of the following is not advantage of full capital account convertibility ?
Encourages import
Boosts exports
Easy access to forex
Promotes trade and capital flows between nations
Explanation:
Imports become expensive and results in import substitution. Import substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production.
Imports become expensive and results in import substitution. Import substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production.