A country that invests heavily in infrastructure,receives investment from foreign governments,and is attractive to firms seeking first-mover advantage is in the _______ stage of development.
A)Traditional society
B)Preconditions for take-off
C)Take-off
D)Maturity
E)High mass consumption

Question

Quizplus · Accepted Answer

Stage 2: Preconditions for take-off (for example, Romania). In these economies, new investments in infrastructure (transportation, communication, education, and health care) create the foundation for growth and encourage industrial expansion. Often these changes are driven by investments from private organizations (foreign companies looking to expand operations).

A Country That Invests Heavily in Infrastructure,receives Investment from Foreign