Reading Comprehension

. For over a decade the most common policy advice given to developing countries by international development institutions has been to copy the export-oriented path of the newly industrializing countries, the celebrated NIC's. These economies¡ªBrazil, Hong Kong, Mexico, Singapore, South Korea, and Taiwan¡ª burst into the world manufacturing market in the late 1960's and the 1970's; by 1978 these six economies, along with India, enjoyed unequaled growth rates for gross national product and for exports, with exports accounting for 70 percent of the developing world's manufactured exports. It was, therefore, not surprising that dozens of other countries attempted to follow their model, yet no countries¡ªwith the possible exceptions of Malaysia and Thailand¡ªhave even approached their success. In ¡°No More NIC's,¡± Robin Broad and John Cavanagh search for the reasons behind these failures, identifying far-reaching changes in the global economy¡ªfrom synthetic substitutes for commodity exports to unsustainable levels of foreign debt¡ªas responsible for a glut economy offering little room for new entrants. Despite these changes, the authors maintain, the World Bank and the International Monetary Fund¡ªthe foremost international development institutions¡ªhave continued to promote the NIC path as the way for heavily indebted developing countries to proceed. And yet the futility of this approach should, according to the authors, be all too apparent so many years into a period of reduced growth in world markets.

Q1: Given the information in the passage, which of the following is a true statement about the NIC's?
A. Their economic success among developing countries has been exceeded only by the successes of Malaysia and Thailand.
B. By 1978 they produced 70 percent of the world's manufactured exports.
C. In the late 1970's, their growth rates for gross national product were among the highest in the world.
D. In recent years their development has been heavily subsidized by major international development institutions.
E. They received conflicting policy advice from international development institutions in the late 1960's and the 1970's.

Q2: The author of the passage most clearly implies that Broad and Cavanagh disagree with the World Bank and the International Monetary Fund about which of the following?
A. The ways in which the global economy has changed in recent years
B. The causes of the unsustainable levels of foreign debt that the developing countries have incurred in recent years
C. The level of foreign debt that should be maintained by developing countries
D. The degree to which international development institutions should monitor the growth of developing countries
E. The degree to which heavily indebted developing countries should emphasize exports in their overall economic strategy

Q3: The author mentions Malaysia and Thailand in order to
A. acknowledge the appearance of implausibility in a broad claim
B. concede the possible existence of counter-examples to a generalization
C. offer additional evidence in support of a disputed conclusion
D. illustrate the broad applicability of a hypothesis
E. admit the limited scope of a standard analysis

My answers

1) B
2) E
3) B

OA please?

dont u think the first one cannot be B as India is not an NIC

It could b c what do u think

C seems a bit extreme to me here.

These economies¡ªBrazil, Hong Kong, Mexico, Singapore, South Korea, and Taiwan¡ª burst into the world manufacturing market in the late 1960's and the 1970's; by 1978 these six economies, along with India, enjoyed unequaled growth rates for gross national product and for exports, with exports accounting for 70 percent of the developing world's manufactured exports

U r right, Although India can not be considered under NIC's, but still B makes more sense than C IMO..

Do u have OA n OE?

OA C E B

I got C,E,B as well.

"by 1978 these six economies, along with India, enjoyed unequaled growth rates for gross national product and for exports,"

This tells you that these countries had the highest growth rates.

mike22629 wrote:I got C,E,B as well.

"by 1978 these six economies, along with India, enjoyed unequaled growth rates for gross national product and for exports,"

This tells you that these countries had the highest growth rates.

could u please elaborate some more on the statements above how this tells that these countries had the highest.........."