A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?
Correct answer: B. slow economic growth under colonial capitalism
- A. Keeping balanced budget, a price target
- B. slow economic growth under colonial capitalism
- C. minimizing public spending in the rural areas
- D. western countries, nation-state ideology
Explanation
Many less-developed countries adopted state planning in response to weak growth, exploitation, and structural dependence associated with colonial capitalism. The other options do not describe the main historical motivation for planning.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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