Which of the following best explains why the experience of countries such as Taiwan and South Korea are used to support export-led development policies?
A)their low inflation
B)their increased FDI
C)their industry diversity
D)their rapid economic growth

Question

Quizplus · Accepted Answer

Taiwan and South Korea are often cited as successful examples of export-led development policies because of their rapid economic growth. These countries focused on exporting goods and services to other countries as a means of driving economic growth, and this approach was successful in both cases. As a result, these countries provide evidence that a focus on exports can be an effective way to promote economic development in countries that may not have significant domestic markets.

Which of the Following Best Explains Why the Experience of Countries