wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What led to the substantial decline in poverty in China and Southeast Asian countries?


Open in App
Solution

1. The reason that there was a substantial decline in poverty in China and Southeast Asian countries was the high economic growth in these countries.
2. The high economic growth was due to the fact that they followed an export-oriented policy of industrialization.
3. The concentrated on mass manufacturing of many products which were then exported to numerous other countries.
This increased the GDP and the per capita income of these countries which led to the fall of poverty.


flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
More people, more problems
BIOLOGY
Watch in App
Join BYJU'S Learning Program
CrossIcon