Sentence structure-
Many economists contend that, contrary to popular belief,
increased economic liberalization in Asia is leading
neither to higher standards of living, a greater equality among social classes,
or empowering traditionally oppressed groups.
Neither ... nor/or ... phrases need to be parallel and meaning needs to be clear
(A) leading neither to higher standards of living, a greater equality among social classes, or
Incorrect. Not parallel. neither to.. nor/or to
(B) leading neither to higher standards of living nor a greater equality among social classes, or
Incorrect. Not parallel.. neither to... nor
(C) not leading to either higher standards of living nor to more of a greater equality among social classes, and neither is it
Incorrect. This sentence structure uses either... nor ...
(D) not leading to higher standards of living or to greater equality among social classes, nor is it
Correct. The meaning is clear and the sentence structure is correct
(E) not leading to higher standards of living, more of a greater equality among social classes, and it is not
Incorrect. Awkwardly worded and does not use the correct conjunction