Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of
A) the shift toward a communist ideology.
B) their high living standards.
C) their large population.
D) their high consumer purchasing power.
E) the shift toward a market-based economic system.

Question

Quizplus · Accepted Answer

Both China and India have experienced high growth rates due to their shift towards market-based economic systems, which have encouraged investment, innovation, and economic expansion despite challenges like weak property rights and corruption.

Both China and India Have Achieved High Growth Rates Despite