Which of the following has been observed in the developing countries during 1990-2012?

Question

Quizplus · Accepted Answer

Option A is incorrect as the dispersion in the growth rates of developing countries was significant during 1990-2012. Option B is incorrect as East Asian countries like South Korea, Singapore, and Taiwan reported high positive growth rates during this period. Option C is incorrect as countries like China and Vietnam reported high positive growth rates, and not very low growth rates. Option D is correct as several countries in Eastern Europe and Central Asia that were making a transition from centrally planning to market-based economy did report a decline in the per capita income during this period.

Which of the Following Has Been Observed in the Developing