Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?
A)Ethiopia
B)the United States
C)Canada
D)South Korea

Question

Quizplus · Accepted Answer

South Korea benefited significantly from the catch-up effect in the last half of the twentieth century, as it transitioned from a low-income agricultural economy to a high-tech industrialized economy. Ethiopia remains one of the poorest countries in the world and did not experience significant catch-up growth during this period. The United States and Canada were already developed economies and did not experience catch-up growth to the same extent as developing countries like South Korea.

Which of the Following Countries Benefited Significantly from the Catch-Up