Which country benefitted a lot from the catch-up effect in the last half of the twentieth century?
A) Ethiopia
B) Saudi Arabia
C) South Korea
D) Ireland

Question

Quizplus · Accepted Answer

South Korea is the best choice as it is a prime example of a country experiencing the catch-up effect in the last half of the twentieth century. Through government intervention and strategic economic policies, South Korea was able to achieve rapid economic growth and development, catching up to more advanced economies like Japan and the United States. Ethiopia and Saudi Arabia have not experienced the same level of economic growth and development, while Ireland may have benefitted from the catch-up effect, but not to the same extent as South Korea.

Which Country Benefitted a Lot from the Catch-Up Effect in the Last