Each of the following is included in the set of economic policies adopted by the East Asian economies that are converging with the United States in terms of levels of productivity, economic structures, and standards of living except

Question

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Resource allocation in the rapidly developing East Asian economies is primarily determined by market forces rather than central planners. This market-driven approach contrasts with the centrally planned economies where government agencies make all production and allocation decisions. The success of East Asian economies has been largely attributed to policies that promote private sector development, strategic government intervention in certain industries, and fostering environments conducive to high savings and investment rates, rather than central planning.

Each of the Following Is Included in the Set of Economic