What Is the Main Reason That the Countries That Experienced

question 96

Multiple Choice

What is the main reason that the countries that experienced huge gains in oil wealth during the 1970s were not able to generate an industrial revolution in their domestic economies?

• A) They universally refused to purchase Western technologies and goods.
• B) They failed to reinvest their wealth abroad in more stable economies.
• C) They did not sufficiently invest in basic human resources.
• D) Oil wealth benefited mainly the foreign "guest workers" who did not invest locally.

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