Question: Which country of South East Asia has made rapid economic growth resulting in significant decline in poverty?

Which country of South-East Asia made economic growth resulting in a significant decline in poverty?

Which country of Southeast Asia made rapid economic growth resulting in a significant decline in poverty? Bangladesh.

Which country of Southeast Asia made rapid economic growth resulting in a significant decline in poverty and what led to this decline?

Poverty declined substantially in China and Southeast Asian countries as a result of rapid economic growth and massive investments in .

Which country of South-East Asia has made a rapid growth in the economy?

China of South-East Asia made rapid economic growth.

Which country of Southeast Asia made rapid economic growth India China Nepal?

(c) Nepal – made rapid economic growth among all other South-East Asian countries.

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Which is the poorest country in South Asia?

The Poorest Countries in South Asia

Rank Country Per Capita Income (USD)
1 Afghanistan 543.724
2 Nepal 972.383
3 Pakistan 1,555.38
4 Bangladesh 1,744.51

What is the most economically stable country in South Asia?

The strongest economies in South Asia at the moment are Bangladesh, India, and Nepal. In South Asia, countries have grown their economies primarily through investments in infrastructure, agriculture, and manufacturing.

What was the main reason for the rapid decline in poverty levels in China East Asia and the Pacific areas <UNK>?

The high economic growth in China and Southeast Asia was the explanation for a significant reduction in poverty in these countries. 2. They were able to achieve such strong economic growth because they pursued an export-oriented industrialization strategy.

What led to the decline in poverty in China?

Answer: The reason that there was a substantial decline in poverty in China and southeast Asian countries was the high economic growth in these countries. … This increased the GDP and the per capita income of these countries which led to the fall of poverty.

What is the fastest growing economy in Asia?

The bank forecast the Vietnamese economy growing 9.3% in 2021 — a much higher growth rate than the 6.7% expansion projected by the World Bank.

Which country made rapid economic growth?

According to the Asian Development Bank, Bangladesh’s economy grew by 7.1% in 2016, the fastest expansion in 30 years.

What is the major economic activity in most of Southeast Asia?

Agriculture is the main economic activity in most Southeast Asian countries, except Singapore and Brunei. This sector employs over 60% of Laos and Cambodia’s workforce, with rice, cassava, corn, and pulses as the main crops.

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What are the developing countries in Southeast Asia?

Those belonging to this grouping—Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand—generally have experienced significant economic development since the mid-1960s; the exception has been the Philippines, the economy of which has grown at a much slower rate. Development has been extremely slow or …