Final answer:
True. The economies of Singapore and South Korea achieved high growth through export-led development.
Step-by-step explanation:
True.
The economies of Singapore and South Korea experienced high growth rates from the 1970s onward through export-led development. Both countries focused on promoting exports as a strategy to drive their economic growth. This approach involved encouraging industries to produce goods and services for foreign markets, which in turn increased employment, investment, and overall economic development.
For example, Singapore developed its manufacturing sector, particularly in electronics, chemicals, and precision engineering, to become a global exporter. South Korea also implemented export-oriented industrialization, promoting industries like automobiles, consumer electronics, and shipbuilding.