In his famous article, The Myth of Asia's Miracle, Paul Krugman argued that East Asian economic growth would:
A) slow down in the future because many East Asian countries experienced large increases in factor accumulation and savings rates, but technological progress is slow.
B) accelerate because East Asian countries would increase their savings rate and expand factor accumulation.
C) slow down because of excessive corruption and economic inefficiencies.
D) accelerate because of their strong currencies under their fixed-exchange rate regimes.
Correct Answer:
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