Liberals argue that the success of the Asian Tigers is evidence that the best approach to development is
A) export led growth.
B) import substitution.
C) protectionism.
D) based on the free market.

Question

Quizplus · Accepted Answer

Liberals argue that the success of the Asian Tigers is evidence that the best approach to development is based on the free market. The Asian Tigers achieved rapid economic growth through policies that emphasized free-market principles, including open trade, low taxes, and minimal government intervention in the economy. This approach is believed to have fostered innovation, competition and efficiency in the economy, leading to sustainable growth in the long run.

Liberals Argue That the Success of the Asian Tigers Is