Explanation four major events account for the

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Explanation: Four major events account for the vigorous economic growth ofthe ASEAN countries and their transformation from cheap-labor havens to industrialized nations: (1) the ASEAN governments' commitment to deregulation, liberalization, and privatization of their economies; (2) the decision to shift their economies from commodity based to manufacturing based; (3) the decision to specialize in manufacturing components in which they have a comparative advantage and (4) Japan's emergence as a major provider of technology and capital necessary to upgrade manufacturing capability and develop new industries.
13 INCORRECTWhich of the following countries is part of ASEAN+3 which was formed to deal with trade and monetary issues facing Asia after the Asian financial crisis in 1997- 1998?
Feedback:Difficulty Level: MediumLearning Objective: 11-5Topic: Asia Pacific Trade AssociationsBlooms: KnowledgeAACSB: AnalyticPage: 318Explanation: One result of the Asian financial crisis of 1997 to 1998 was the creation of ASEAN+3 (ASEAN plus China, Japan, and South Korea) to deal with trade and monetary issues facing Asia. Most of East Asia felt that they were both let down and put upon by the West, which they felt created much of the problem by pulling out in the midst of the crisis. The leading financial powers seemingly either declined to take part in the rescue operations, as the United States did in Thailand, or proposed unattainable solutions. The result was the creation of ASEAN+3.14 INCORRECT_____ is a unique forum that has evolved into the primary regional vehicle for promoting trade liberalization and economic cooperation in the Asia-Pacific region.A)WTOB)APECC)ASEAND)EUE)OECDFeedback:Difficulty Level: MediumLearning Objective: 11-5
Topic: Asia Pacific Trade AssociationsBlooms: KnowledgeAACSB: AnalyticPage: 320
15 INCORRECTWhich of these regions in China is the world's manufacturing base for the IT industry?A)The traditional industrial heartland in Northeast China.B)The Beijing-Tianjin corridor in north China.C)The Yangtze River Delta.D)The Pearl River Delta.E)The Inland area, south of the country.Feedback:Difficulty Level: MediumLearning Objective: 11-6Topic: A Focus on Diversity Within ChinaBlooms: KnowledgeAACSB: AnalyticPage: 321

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