In Recent Years,one Characteristic of the Growth Process in the Emerging

question 35

Multiple Choice

In recent years,one characteristic of the growth process in the emerging market economies has been the

• A) volatility of and bumpiness experienced in the growth path.
• B) inability of any of these countries to close the gap.
• C) need to rely heavily on central planning and state-owned enterprises to make it work.
• D) fact that it has been limited exclusively to economies in the Western Hemisphere.
• E) absence of any currency crises.

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Definitions:

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Design Choices

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A factor that diverts attention from the task at hand.