What Has Happened to Most Low- to Middle-Income Countries with the Turn

question 31

Multiple Choice

What has happened to most low- to middle-income countries with the turn away from decades of state-led development and regulated markets toward globalization?

• A) They have been able to sustain robust pre-1980 growth rates.
• B) They have seen their growth, productivity, and investment stagnate.
• C) They have seen the gap between wealthy and poor countries narrow.
• D) They have seen growing parity with Northern industrialized countries.

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