The Development of Countries Like South Korea and Singapore Has

question 227

Multiple Choice

The development of countries like South Korea and Singapore has been underlaid by all of the following except:

• A) High domestic interest rates
• B) R&D and product innovation
• C) Education and on-the-job training
• D) High levels of saving and investment

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Definitions:

Abraham Lincoln

The 16th President of the United States, who led the country during the Civil War and issued the Emancipation Proclamation.

Working-Class

Refers to the social group consisting of people who are employed for wages, especially in manual or industrial work.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, who succeeded Abraham Lincoln and was the first President to be impeached.

New Southern Class

Refers to a social or economic stratum that emerged in the American South, often in the context of post-Civil War social restructuring and economic development.