The World Bank's View of the Effectiveness of Industrial Policies

question 17

Multiple Choice

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

• A)hindered growth.
• B)had little or no effect on growth.
• C)encouraged growth.
• D)are the main factor in the success of the East Asian economies.
• E)worked in Japan and Korea,but not in the other countries.

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Definitions:

Investment

Investment is the allocation of resources, typically money, with the expectation of generating an income or profit.

Internal Rate of Return

A metric used in capital budgeting to estimate the profitability of potential investments, representing the rate of return at which the net present value of costs and benefits of the project equals zero.

Multiple Rates

In finance, often refers to situations where different interest rates apply to different portions of a financial transaction or investment period.

Single Project

A single project refers to a distinct, individualized undertaking that has a specific objective, timeline, and resource allocation, often within a broader organizational or business strategy.