What of the following is not characteristics of the Four Asian Tigers?Question 11Answera.Underwent an earlier stage of import substitutionb.Development of light and labor-intensive industriesc.Export in line with its comparative advantagesd.None of them
Question
What of the following is not characteristics of the Four Asian Tigers?Question 11Answera.Underwent an earlier stage of import substitutionb.Development of light and labor-intensive industriesc.Export in line with its comparative advantagesd.None of them
Solution
The answer is d. None of them. All the options a, b, and c are characteristics of the Four Asian Tigers.
a. Underwent an earlier stage of import substitution: The Four Asian Tigers (Hong Kong, Singapore, South Korea, and Taiwan) all underwent a period of import substitution, where they aimed to develop their own industries and reduce reliance on foreign imports.
b. Development of light and labor-intensive industries: These countries focused on developing industries that were labor-intensive, such as textiles and electronics, which helped them to take advantage of their large labor force.
c
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