Question

Question 7 Which of the following is not a proper description of East Asian economies?

a. A fast recovery from the 1997 financial crisis.

b. Focusing on the WTO membership and no FTAs among the nations.

c. A successful and strong join to the global supply chain management in manufacturing.

d. People in the region have begun to aware the importance of the environmental protection.

Answer 1

Question: Which of the following is not a proper description of East Asian economies?

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Correct choice:

d. People in the region have begun to aware the importance of the environmental protection.

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Explanation:

East Asian economies have been at the forefront of the global economy. They have excelled in all goods and services, and actively involved in imports and exports. They are fast growing economies, with very strong resource endowments. However, they have not been concerned about the environmental damage they are causing. They have enjoyed growth, but have completely neglected the environment. They have also not cooperated with the international laws on environmental preservation.

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Reasons for other options being incorrect:

The East Asian economies recovered very well from from the 1997 financial crisis. Within a few years, economic growth was restored. They have also actively focused on WTO membership and FTAs with the entire world. They have also become very strong in the global supply chain management in manufacturing.