By the 1970s, it was clear that state-led capitalism for economic development was only partially successful world-wide. This was because of the _____________.
A) growing frequency of economic crises world-wide
B) increasing levels of political violence in Latin America, the Middle East, and sub-Saharan Africa
C) increasing number of developing countries undergoing populist regimes and military suppression that was supported by foreign powers
D) increasing fiscal and trade deficits that sent many Western economies into recessions
E) All of the above
Correct Answer:
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