The newly industrializing country that has competitive electronics and other light industries but specializes in banking and trade is __________.
A)Singapore
B)Thailand
C)Hong Kong
D)the Philippines

Question

Quizplus · Accepted Answer

Hong Kong is a newly industrializing country that specializes in banking and trade. While it does have competitive electronics and other light industries, they are not its primary focus. Singapore also has a strong banking sector, but its economy is more diversified with a focus on technology and manufacturing. Thailand and the Philippines are also newly industrializing countries, but they do not have the same level of specialization in banking and trade as Hong Kong.

The Newly Industrializing Country That Has Competitive Electronics and Other