The phenomenon of emerging and high income countries in is explained in your text as resulting from factors such as a strong work ethic, low labor costs, free public education, and Western support for what was seen as a firm boundary against the spread of Communism.

Emerging Markets

Explanation:

An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards.This includes markets that may become developed markets in the future or were in the past

i r r e l e v a n t

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