According to Oatley,governments in developing countries were unwilling to scale back their industrialization strategies because
A) it was unclear what model they should shift to because of the myth of adverse terms of trade.
B) market-oriented development strategies would reduce corruption.
C) they preferred to obtain higher rents by borrowing from foreigners.
D) they were unwilling to fight against the GATT system.
E) foreign lenders would eventually expose their corruption.

Question

Quizplus · Accepted Answer

According to Oatley, governments in developing countries were unwilling to scale back their industrialization strategies because it was unclear what model they should shift to because of the myth of adverse terms of trade. They believed that market-oriented development strategies would lead to adverse terms of trade and also reduce the state's control over the economy.

According to Oatley,governments in Developing Countries Were Unwilling to Scale