In 2000, Tadao Chino, the President of the Asian Development Bank, made the following statement at the World Economic Symposium “One of such emerging challenges is the accelerating and deepening globalization of economies. Since the 1980s, globalization, supported by deregulation and IT revolution, together with increasing financial assets, has presented enormous opportunities and risks. It is a well-known fact that much of the success of Asian economies could be attributed to the market-friendly and export-oriented economic policies pursued by the respective governments, taking advantage of
the increasingly globalized market. Many Asian economies have strengthened market orientation of their economic policies and institutions, gradually dismantled barriers to trade and investment, and facilitated rapid changes in production and telecommunications technologies. As a result, many Asian economies have been able to grow rapidly and sharply reduce poverty levels, while achieving a significant degree of integration with the global economy as is revealed by the considerable share of foreign trade in their national economies.”
According to this statement, which of the following was not an effect of globalization on the economies of Asia? a) Asian economies grew b)Education levels declined c)Poverty was reduced d)Foreign trade was increased
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This is really a reading assignment. Go through each of the four answers. Can you find the idea in the paragraph? Find 3 of the ideas and the one that is left is your answer
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You have to understand the question being asked. They ask, "According to this statement, which was NOT an effect". Asian economies growing WAS an effect. Poverty decreasing WAS an effect. Foreign trade being effected WAS an effect. Education declining was NOT an effect. The statement stated nothing of the effect of education.
Understand?
so C ? because good things happen?
No, b
oh?
education did not decline therefore was not an effect of the statement
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