Which of the following countries benefited a lot from the catch-up effect in the last half of the twentieth century?
A)Ethiopia
B)Saudi Arabia
C)South Korea
D)Germany

Question

Quizplus · Accepted Answer

South Korea is the country that benefited a lot from the catch-up effect in the last half of the twentieth century. It experienced rapid economic growth, increasing its GDP per capita from $100 in 1960 to over $30,000 in recent years. This was mainly due to its focus on export-oriented industrialization and heavy investment in education and technology. Ethiopia is a developing country that has only recently started to experience economic growth, while Saudi Arabia and Germany are already developed economies that did not necessarily benefit from a catch-up effect during the last half of the twentieth century.

Which of the Following Countries Benefited a Lot from the Catch-Up