Question

In the late 1990s, most of the countries of the world saw a slow down in the unprecedented and precipitous growth of their economies. However, _________ remained unaffected by this trend.

A) Developed countries
B) Emerging markets
C) Developing nations
D) Not addressed in the passage

Answer 1

The passage does not directly answer which countries were unaffected by the economic slowdown of the late 1990s, but the context suggests that emerging markets, like the East Asian Tigers along with China and India, continued to see growth.

Step-by-step explanation:

In the late 1990s, most of the countries of the world saw a slowdown in their economies. The passage provided does not explicitly state which specific types of countries remained unaffected by this trend. However, referring to the context provided in the additional information, particularly the discussion about the rapid growth of certain nations known as the East Asian Tigers, and the subsequent rapid growth of other countries like China and India, it would be reasonable to infer that the emerging markets experienced continued growth while many developed countries faced economic slowdown.

Examples of this sustained growth are found in countries like South Korea, Thailand, Malaysia, Indonesia, and Singapore, which collectively are referred to as the East Asian Tigers. Furthermore, the passage also mentions India and China as countries that began to show a tremendous increase in their growth rates during this period.