Question

Which of the following countries is not categorized as a high performing Asian economy

Answer 1

China is one of the Asian countries that is not categorized as a 'High Performing Asian Economy (HPAE)'.

Step-by-step explanation:

• The countries in Asia that were once impoverished and performed exceptionally well in the manufacturing and services sectors to come up with miraculous economic growth are categorized as 'High Performing Asian Economies'.

• There are eight countries in this category, viz. Japan, Singapore, Hong Kong, Taiwan, South Korea, Malaysia, Thailand, and Indonesia.

• All these countries have secured tremendous economic growth in the last forty years.

• The Hong Kong's economy is also recognized as the world's freest economy owing to its economic performance.