Historically those few developing countries which have succeeded in significantly raising their per-capita income levels
A) did not accomplish this with import-substituting industrialization.
B) did accomplish this with import-substituting industrialization.
C) tended to provide heavy protection to domestic industrial sectors.
D) favored industrial to agricultural or service sectors.
E) did so to the detriment of their nearest neighbors.

Question

Quizplus · Accepted Answer

Historically, the few developing countries that have succeeded in significantly increasing their per-capita income levels, such as South Korea and Taiwan, did not accomplish this through import-substituting industrialization. Instead, they pursued export-oriented industrialization and opened their economies to international trade.

Historically Those Few Developing Countries Which Have Succeeded in Significantly