Question

What helps account for the vigorous economic growth of the ASEAN countries and their transformation from cheap-labor havens to industrialized nations?

A) the ASEAN governments' decision to shift their economies from manufacturing based to commodity based

B) North Korea's emergence as a major provider of technology and capital necessary to upgrade manufacturing capability

C) a bilateral trade agreement between the United States and Vietnam leading to the granting of NTR status to Vietnam

D) Hong Kong becoming a special administrative region (SAR) of the People's Republic of China

E) the ASEAN governments' commitment to deregulation, liberalization, and privatization of their economies

Answer

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