The four "Asian Tigers" achieved high economic growth between 1960 and 1990 since they

Question

Quizplus · Accepted Answer

All of the given options contributed to the high economic growth achieved by the four "Asian Tigers." Initially, they protected domestic firms but eventually exposed them to foreign competition, which helped increase efficiency and competitiveness. They also had very high savings rates, which provided resources for investment and economic growth. Additionally, they had a large increase in the labor force participation rates of women, which increased productivity and economic output. Finally, although total factor productivity did not increase substantially, they did increase inputs substantially.

The Four "Asian Tigers" Achieved High Economic Growth Between 1960