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Which of the following is not considered a reason for economic convergence by some developing countries with advanced, industrialized countries after 1950? Group of answer
Which of the following is not considered a reason for economic convergence by some developing countries with advanced, industrialized countries after 1950?
Group of answer choices
1- The use of state-led industrial policies in developing countries
2-High rates of foreign investment by industrialized countries in developing countries
3-The location of high-performing developing countries outside of tropical zones
4-Lower incremental capital-output ratios
5-Gains in total factor productivity
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