Determine which of the following countries would be classified as \'growth mirac

Question

Determine which of the following countries would be classified as 'growth miracles' or 'growth disasters'. Which of the following statements regarding economic growth is supported by the histories of the above mentioned countries? Growth is not guaranteed, even when a country has experienced it in the past Only capitalist nations experience rapid growth. Once a country begins to develop economic growth, it will continue to do so. Most countries will experience slow and steady economic growth over several decades.

Explanation / Answer

Growth Miracles = Japan and South Korea

Growth Disasters = Nigeria and Argentina

Growth is not guaranteed, even when acountry has experienced it in the past.

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