Which of the following is true of the Great Transformation?
a. It does not take purchasing power parity (PPP) into account.
b. It is the linear story of the high speed economic growth of the developed world.
c. It refers to emerging economies struggling to compete with developed nations.
d. It refers to the shift in economic weight and engines of growth toward emerging economies.

Respuesta :

Answer:

b. It is the linear story of the high speed economic growth of the developed world.

Explanation:

"The Great Transformation"

Is an ecoomic book about how England socety and politics change withing the industrial revolution timeframe.

It argues about how the modern market economies developed the modern state and how this are linked in history. It change the mentalities to "rational transsactions" from local social relationships and institutions.

This transformation remove the pre-modern structure of tradition, redistribution an reciprocity for factors returns.

While it acknowledge the material wealth of free market. The respect for the free-market means to subordinate the substance of society itself to the laws of the market.