The development of countries like South Korea has been supported by all of the following EXCEPT
A) high domestic interest rates.
B) high domestic saving rates.
C) large endowments of human capital.
D) high levels of labor productivity.
E) reduced government regulation.

Question

Quizplus · Accepted Answer

High domestic interest rates are not typically seen as a supportive factor in economic development, as they can discourage borrowing and investment. South Korea's development has been supported by factors such as high domestic saving rates, large endowments of human capital, high levels of labor productivity, and reduced government regulation.

The Development of Countries Like South Korea Has Been Supported