ELI5: Explain Like I'm 5

Export-oriented industrialization

Export-oriented industrialization means that countries try to make goods and products that they can sell to other countries instead of just making things for their own people. This can help a country’s economy because when businesses make and sell things to other countries, they can make more money, which can help the country’s economy grow. This also helps businesses in the country because they can make more money and hire more people.