Which of the following is NOT a contributing factor into why the HPAE were able to rapidly accumulate physical and human capital?
A)A stable macroeconomic environment meant low inflation
B)Loans from multilateral institutions such as the IMF,the World Bank,and regional development banks
C)The demographic transition meant that the proportion of their population working was higher.
D)A rapid rise in income made greater amounts of savings possible.

Question

Quizplus · Accepted Answer

Loans from multilateral institutions were not a primary factor in the rapid accumulation of capital in HPAE. Instead, their growth was largely driven by domestic policies, high savings rates, and favorable demographic changes.

Which of the Following Is NOT a Contributing Factor into Why