Why is Zambia an example of failed potential for economic development?
A)Although Zambia experienced substantial economic development,its economic growth did not keep pace with that of South Korea.
B)Although Zambia had substantial natural resources and a respected national leader,its economy worsened instead of improving after independence.
C)Although Zambia's economy grew steadily,much higher economic growth was expected,because of the country's substantial natural resources.
D)Like typical developing countries,Zambia became independent with few resources left with which to develop.
E)Zambia's economy worsened after independence because of severe ethnic conflict.

Question

Quizplus · Accepted Answer

Zambia had substantial potential for economic development due to its natural resources such as copper, but after gaining independence and implementing socialist policies, the government mismanaged the economy and overspent on social programs. This led to high debt, inflation, and a decline in infrastructure and productive capacity. Despite having a respected leader in Kenneth Kaunda, Zambia's economy worsened instead of improving.

Why Is Zambia an Example of Failed Potential for Economic