Between 1966 and 1990 Hong Kong experienced a much higher growth rate of output than Singapore.This was at least partially due to the fact that Singapore had a government that
A)emphasized a laissez-faire attitude towards market activities
B)maintained much tighter control over market activities
C)discouraged a rapid pace of foreign investment in new technology
D)imposed strict population control programs
E)none of the above

Question

Quizplus · Accepted Answer

Singapore had a government that maintained much tighter control over market activities. In contrast, Hong Kong emphasized a more laissez-faire approach towards market activities. Therefore, while Hong Kong experienced high growth rates, Singapore's growth rate was lower but more stable, thanks to government interventions in the market.

Between 1966 and 1990 Hong Kong Experienced a Much Higher