The export led growth countries pursued a policy of going where the money is.. This was referred to as
a. investing capital in the rich countries of the world.
b. borrowing capital from rich countries.
c. producing and selling goods for the international market.
d. importing heavily from rich countries.
Korea, Taiwan, Singapore, and Hong Kong, countries that pursued a trade-oriented policy, are known as the
a. Asian Tigers.
b. Asian Union.
c. Asian Exporters.
d. Asian Innovators.
Which socialist state is only now beginning to modify the state socialist development strategy?
a. Russian Federation
b. Cuba
c. China
d. North Korea
Although state planning increased production, the failure of state socialism resulted from the
a. expansion of foreign indebtedness.
b. lack of innovation.
c. absence of democracy.
d. failure to develop international markets for goods.
The alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and spread after World War II to eastern Europe, China, and Cuba was called
a. state socialism.
b. import substitution.
c. free market protectionism.
d. export-led growth.
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