Multiple Choice
Which of the following is not an accurate characterization of East Asian "developmental states"?
A) They borrowed heavily in foreign capital market to finance new industries.
B) They gave subsidies to domestic firms in exchange for those firms exporting more and meeting strict performance goals.
C) They recruited top students from elite universities to serve in bureaucratic agencies.
D) They generally promoted export-oriented industrialization.
Correct Answer:
Verified
Correct Answer:
Verified
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