How did the economic policies of poor countries change after 1914?
A)Poor countries changed from principally exporting primary products to encouraging industrialization.
B)Poor countries reduced previously high levels of trade protection and encouraged imports.
C)Poor countries began borrowing more money from international investors.
D)Poor countries reduced the level of government involvement in their economies in order to spur innovation.

Question

Quizplus · Accepted Answer

After 1914, poor countries began to shift their economic policies towards industrialization and away from their previous reliance on exporting primary products. This change was driven by a desire to increase domestic economic development and reduce dependence on foreign markets. In order to achieve this goal, many countries implemented policies that encouraged the growth of domestic industries through subsidies, trade protection, and other forms of state intervention.

How Did the Economic Policies of Poor Countries Change After