Economic Development in Historical Perspective

A. the monarchy
B. the central planners of the Soviet Union
C. the capitalist and middle class
D. the aristocrats of wealthy nations

A. total market reliance for resource allocation
B. economic restructuring by Gorbachev
C. intensified central planning
D. None of the above

A. low interest rates
B. political instability inhibits world-wide investment
C. human capital or technical skills were lacking
D. real domestic currency depreciation exists

A. diverting savings from agriculture to industry
B. state assisted entrepreneurs
C. state monopolized trading
D. markets for allocating resources

A. Japan
B. Four tigers
C. Vietnam
D. Thailand

A. South Korea
B. China
C. Taiwan
D. Singapore

A. declined
B. increased
C. remained the same
D. cannot be determined