This, in turn, has consolidated the foundations of export-led growth.
Yet in these three republics domestic actors were able to achieve political control of state apparatuses as well of export-led agriculture.
If so, export-led industrialisation can be seen as the developmental state's gradualist response to economic crisis and radical politics.
In the manner described earlier, expanding markets, capital investment, and state support encouraged the export-led growth of these industrial fisheries.
Furthermore, low ®xed interest rates and credit-rationing policies helped to stimulate investment in targeted industries and supported the export-led growth of this period.
What the country has experienced for the last 40 years is export-led growth combined with political stability.
Why did the state choose export-led industrialisation ?
In addition, the economic climate did not favour a strategy which depended for its popularity on being able to demonstrate the success of freer trade and export-led growth.
