The development of countries like South Korea has been supported by all of the following EXCEPT
A)high domestic saving rates.
B)high levels of labor productivity.
C)large endowments of human capital.
D)high domestic interest rates.
E)reduced government regulation.

Question

Quizplus · Accepted Answer

High domestic interest rates are generally not supportive of economic development as they can discourage investment and consumption.

The Development of Countries Like South Korea Has Been Supported