Please read the description below and identify which region the text is referring to by dragging and dropping the name of the region into the bins provided. Historically, this region has suffered from extreme poverty, which continues to this day. Growth has been effectively zero since the 1960?s. Problems such as political instability, poor public health and a lack of effective institutions have all contributed to its stagnation. Until the middle of the last century, these countries were relatively poor. Beginning in the mid 1970?s, real GDP per capita growth has averaged 6% per year. The growth was achieved, in part, because of high levels of investment spending in the development of human and physical capital, and rapid technological progress. In the early 1990s, this region was in the middle of substantial social and economic reform. Countries in this region have experienced variable growth rates, depending on their ability to adapt to the modern market economy. In the early 20th century, this region was reasonably prosperous. Since that time, however, growth has stagnated, owing to government instability, banking failures and run-away inflation. Recently, some countries in the region have begun to grow more consistently, with one country becoming a powerhouse of world economic development. Solution Statement 1 represents the situation of Sub-Africa. The region has suffered from poverty for a long time now. Economic growth has been absent ever since they were free from colonial rulers. Statement 2 describes the situation of Asian tigers - Hong Kong, Singapore, South Korea and Taiwan. Much of growth in these countries was enabled by export led industrialization. Statement 3 describes situation of European Transition Economies where end of Socialism and integration with rest of the world took place. The growth record haven\'t been really impressive since 1990s/ Statement 4: South America suits the best here. Brazil is the nation that is becoming the powerhouse of economic development..

1. Please read the description below and identify which region the text is referring to by dragging
and dropping the name of the region into the bins provided. Historically, this region has suffered
from extreme poverty, which continues to this day. Growth has been effectively zero since the
1960?s. Problems such as political instability, poor public health and a lack of effective
institutions have all contributed to its stagnation. Until the middle of the last century, these
countries were relatively poor. Beginning in the mid 1970?s, real GDP per capita growth has
averaged 6% per year. The growth was achieved, in part, because of high levels of investment
spending in the development of human and physical capital, and rapid technological progress. In
the early 1990s, this region was in the middle of substantial social and economic reform.
Countries in this region have experienced variable growth rates, depending on their ability to
adapt to the modern market economy. In the early 20th century, this region was reasonably
prosperous. Since that time, however, growth has stagnated, owing to government instability,
banking failures and run-away inflation. Recently, some countries in the region have begun to
grow more consistently, with one country becoming a powerhouse of world economic
development.
Solution
Statement 1 represents the situation of Sub-Africa. The region has suffered from poverty for a
long time now. Economic growth has been absent ever since they were free from colonial rulers.
Statement 2 describes the situation of Asian tigers - Hong Kong, Singapore, South Korea and
Taiwan. Much of growth in these countries was enabled by export led industrialization.
Statement 3 describes situation of European Transition Economies where end of Socialism and
integration with rest of the world took place. The growth record haven't been really impressive
since 1990s/
Statement 4: South America suits the best here. Brazil is the nation that is becoming the
powerhouse of economic development.