The only significant group of middle- and lower-income economies to close the gap with the high-income economies over the past few decades has been the nations of ___________.
A) East Asia
B) Latin America
C) West Africa
D) Europe

Question

Quizplus · Accepted Answer

According to various studies and reports, East Asian economies, including Japan, South Korea, Taiwan, Singapore, and China, have been successful in reducing the gap between middle- and lower-income economies and high-income economies. These countries have implemented strong economic policies and focused on enhancing human capital and technological advancements, resulting in sustained economic growth and development. Latin America, West Africa, and Europe, on the other hand, have struggled to close this gap.

The Only Significant Group of Middle- and Lower-Income Economies to Close