How Did Pacific Rim Nations Such as South Korea and Taiwan

question 19

Multiple Choice

How did Pacific Rim nations such as South Korea and Taiwan escape the typical Third World cycle of poverty and dependence?

• A) They closely followed the international market model.
• B) They built a new system from the basic ideas of Karl Marx.
• C) They used regulation to promote new industries and required multinationals to cooperate with local firms.
• D) They used the World Bank to fund infrastructure projects and the International Monetary Fund to prop up their currencies.

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