What Has Happened to Most Low- to Middle-Income Countries with the Turn

Multiple Choice

What has happened to most low- to middle-income countries with the turn away from decades of state-led development and regulated markets toward globalization?

A) They have been able to sustain robust pre-1980 growth rates.
B) They have seen their growth, productivity, and investment stagnate.
C) They have seen the gap between wealthy and poor countries narrow.
D) They have seen growing parity with Northern industrialized countries.