Which of the Following Provides the Best Example of Ha-Joon

question 35

Multiple Choice

Which of the following provides the best example of Ha-Joon Chang's "kicking away the ladder" argument?

• A) Many developing countries are subject to the one-size-fits-all nature of conditionality and SAPs, which assumes that all poor countries face the same challenges.
• B) Many developing countries must observe international climate accords that limit industrial expansion even though the developed world did not have to do so.
• C) Many developing countries are unable to subsidize or protect domestic industries over the course of industrialization even though the developed world did not have to do so.
• D) Many developing countries are required to comply with enacting structural and economic reforms to receive foreign assistance, but do not do so after they have received the aid.

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Definitions:

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount lent, deposited, or borrowed.

Liquidity Preference Theory

The theory that investors prefer to have their resources in liquid forms, influencing interest rates and financial market behavior.

Yield

The income return on an investment, typically expressed as a percentage, indicating the interest or dividends received.

Long-Term Corporate Bonds

Bonds issued by corporations with maturities longer than ten years, offering fixed interest payments.