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14 May, 05:48

2. In your opinion, which Asian nation has had the greatest success in meeting its peoples' needs since World War II? Justify your answer with specific details.

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  1. 14 May, 05:55
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    Singapore is the Asian nation which has had the greatest success in meeting its people’s needs since World War II. Singapore has developed a highly successful, free market economy with an open environment, stable prices, and a high per capita GDP.

    Explanation:

    Singapore has a deeply acquired and flourishing free-market economy. It possesses a notably clear and corruption-free environment, constant prices, and a per capita GDP longer than that of most advanced countries. The administration depends heavily on exports, especially in consumer electronics, learning technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy shrank 0.8% in 2009 as a result of the global economic crisis, but rebounded 14.8% in 2010, on the strength of repeated exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European collapse. Over the longer term, the department hopes to build a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% in the last decade.
  2. 14 May, 06:13
    0
    Singapore is the Asian nation which has had the greatest success in meeting its people’s needs since World War II. Singapore has developed a highly successful, free market economy with an open environment, stable prices, and a high per capita GDP.
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