The East Asian model was praised by those opposed to ISI trade strategies because
A) ISI trade deficits were declining in Latin America and sub-Saharan Africa.
B) per capita income grew almost three times faster than in Latin America.
C) the power of commodity exporters was reduced.
D) it reduced current account deficits caused by excessive imports.
E) it eliminated tariffs and non-tariff barriers.
Correct Answer:
Verified
Q11: In what has come to be called
Q12: East Asian governments used industrial policies to
A)
Q13: In what has come to be called
Q14: According to the World Bank and the
Q15: ISI policies in the long run constrained
Q17: In what has come to be called
Q18: A current account deficit means that
A) a
Q19: Economic crises struck many developing countries outside
Q20: According to Oatley,most East Asian development scholars
Q21: World Bank structural adjustment loans were largely
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