What Might Have Helped Economic Development in South Korea and Taiwan

question 9

Multiple Choice

What might have helped economic development in South Korea and Taiwan?

• A)Both countries had significant natural resources.
• B)Both countries had democratic governments.
• C)Competition with North Korea and China helped create national unity.
• D)Neither country had significant national security concerns.
• E)Both countries carefully followed import-substituting industrialization policies.

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Definitions:

Land Reform

A government-initiated process of redistributing land, typically from those who own large amounts to those with little or none, with the goal of improving equity and productivity.

Commercial Interests

Activities, decisions, or endeavors driven by the desire to generate profit or financial gain, typically within a business context.

Dependency Theory

A perspective in international relations and economics that examines the structural relationships between developed and developing countries, asserting that the development of the former comes at the expense of the latter.

Rich and Poor Nations

Terms used to differentiate countries based on economic status, wealth distribution, and standard of living.