The development of countries like South Korea and Singapore has been underlaid by all of the following EXCEPT

Question

Quizplus · Accepted Answer

The development of countries like South Korea and Singapore has been underlain by high levels of saving and investment, education and on-the-job training, and R&D and product innovation. However, high domestic interest rates have not been a factor in their development. In fact, low interest rates have often been used to encourage investment and economic growth.

The Development of Countries Like South Korea and Singapore Has