Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____.
A) capitalist countries
B) free trade economies
C) tier-II countries
D) developed countries
E) newly industrialized countries

Question

Quizplus · Accepted Answer

The post World War II era witnessed worldwide economic growth and countries once classified as less developed were reclassified as newly industrialized countries (NICs). Various NICs such as Brazil, Mexico, South Korea, Taiwan, Singapore, and Hong Kong experienced rapid industrialization.

Post World War II, It Was Noticed That There Was