Which country benefitted a lot from the catch-up effect in the last half of the twentieth century?
A) South Africa
B) Russia
C) South Korea
D) Greece

Question

Quizplus · Accepted Answer

South Korea benefitted a lot from the catch-up effect in the last half of the twentieth century. South Korea went from being one of the poorest countries in the world to one of the richest in just a few decades due to its focus on exports and technological advancements. This was a clear example of the catch-up effect, where a country that starts off poor can experience rapid economic growth by adopting the latest technologies and practices from more developed countries.

Which Country Benefitted a Lot from the Catch-Up Effect in the Last