The People's Republic of China ?
Correct answer: D. has significantly increased its openness to international trade and foreign investment in recent decades
- A. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy
- B. has retained to the present time its strategy of import substitution as a source of economic growth
- C. has always accounted for a significant share of international trade, given its very large population
- D. has significantly increased its openness to international trade and foreign investment in recent decades
Explanation
China moved substantially away from its earlier inward-looking approach by expanding exports, accepting foreign investment and integrating with world markets. Its large population alone did not make it a historically significant trader, so d is the accurate statement.
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