Asked by
Kayla Wallace
on Nov 16, 2024Verified
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
Catch-Up Effect
The theory suggesting that less developed countries can grow at a faster rate than developed countries because they can adopt existing technologies and best practices.
- Assess the crucial role played by global trade and investment in economic advancement.
Verified Answer
AK
Learning Objectives
- Assess the crucial role played by global trade and investment in economic advancement.
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