How did the economic policies of poor countries change after 1914?
A)Poor countries changed from principally exporting primary products to encouraging industrialization.
B)Poor countries reduced previously high levels of trade protection and encouraged imports.
C)Poor countries began borrowing more money from international investors.
D)Poor countries reduced the level of government involvement in their economies in order to spur innovation.
E)The governments of poor countries began to ban foreign direct investment in their countries.

Question

Quizplus · Accepted Answer

After 1914, poor countries began to shift from exporting primary products such as raw materials to focusing on industrialization. This was due to the economic disruption caused by World War I, which made it more difficult to export and import goods. Countries realized that they needed to diversify their economies and develop industries in order to become less reliant on primary products and more self-sufficient economically.

How Did the Economic Policies of Poor Countries Change After