Which of the following is NOT a contributing factor into why the high-growth Asian economies were able to rapidly accumulate physical and human capital?
A) A stable macroeconomic environment meant low inflation.
B) Loans from multilateral institutions such as the IMF, the World Bank, and regional development banks.
C) The demographic transition meant that the proportion of their population working was higher.
D) A rapid rise in income made greater amounts of savings possible.
B
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