Minimal state involvement with the economy and development is a core neoliberal belief.What does the text conclude about the countries where rapid development has occurred in the Global South?
A) Growth occurred in countries that were willing to cooperate with the World Bank.
B) Countries with specific government plans and restrictions had the most growth.
C) Countries that tried to use a balance of neoliberal and Keynesian policies did best.
D) The most economically deregulated countries had the most rapid development.

Question

Quizplus · Accepted Answer

Countries that experienced rapid development in the Global South often did so through specific government plans and restrictions, indicating a more active role of the state in guiding economic development rather than minimal state involvement as suggested by neoliberal beliefs.

Minimal State Involvement with the Economy and Development Is a Core