Discussion on the Promotion of Exports is the Only Path for Development in Developing Nations

摘要

Nowdays, some people think the promotion of exports as the only way for development in developing counties. However, I disagree with this idea. Admittedly, export can increase the foreign exchange reserves and enlarge the overall revenues of a county. According to the formula GDP=C+I+G+X-M, besides the net export, domestic consumption and investment are also other two indispensable paths to improve the GDP of a developing county.