Author Question: Developing countries in Africa and Asia adopted planned economic systems in the 1950s and 1960s ... (Read 133 times)

Yi-Chen · **on:** Jul 8, 2018

Developing countries in Africa and Asia adopted planned

economic systems in the 1950s and 1960s in order to:
a. leverage the profit-motive to encourage productivity and development.
b. bring modern industry to traditional agricultural areas.
c. gain access to U.S. and other Western markets.
d. balance their budgets and reduce government spending.

Question 2

Following World War II, the balance between state and markets:

a. shifted in favor of state intervention.
b. shifted in favor of free markets.
c. was made irrelevant by new modes of international cooperation.
d. was largely the same as it was before the war.