Question

1. Determine if the following statements are true/false:

a. Singapore and South Korea came up with strong performances in the World Economic Forum’s Annual Competitiveness Report, both benefitting from the US-China Trade War.

b. Theoretically, global capitalism is an economic system that describes the dominance of the international private sector over the government in the control and disposal of the state’s resources to create a ‘multiplier effect’ in boosting the latter’s economy.

c. Based on the figures released by the World Economic Forum, most of the international migrants come from China, India, and Bangladesh as the TOP 3 Exporters of Labor.

d. SGD 2, 3, and 7 were cited by the Sustainable Development Impact Summit to benefit from harnessing technology to achieve the UN’s SD Agenda.

Thank you in advance! ?

Answer 1

Ans -

a) Singapore and South Korea came up with strong performances in the World Economic Forum’s Annual Competitiveness Report, both benefitting from the US-China Trade War. - TRUE

Because - Singapore topped in World Economic Forum’s Annual Competitiveness Report with score of 84.8 and South Korea was at 13th rank with score of 79.6 and both the countries benefitted from U.S-China Trade War because due to this U.S increased imports from other countries and this helped Singapore and South Korea to grab USA market.

b) Theoretically, global capitalism is an economic system that describes the dominance of the international private sector over the government in the control and disposal of the state’s resources to create a ‘multiplier effect’ in boosting the latter’s economy. - TRUE

Because - because government will play limited role of law and order.

c) Based on the figures released by the World Economic Forum, most of the international migrants come from China, India, and Bangladesh as the TOP 3 Exporters of Labor. FALSE

Because - According to World Migration Report 2020, Top 3 countries from which migrants come is - India, Mexico and China.

d) SGD 2, 3, and 7 were cited by the Sustainable Development Impact Summit to benefit from harnessing technology to achieve the UN’s SD Agenda. TRUE

Because - SDG 2 is about Zero Hunger, SDG 3 is about Good Health and well being, SDG 7 is about affordable and clean energy. we need good technology to reduce food wastage, deliever good health and afford clean energy.