Question

Which economic activity has largely driven development of modern Southeast Asian cities?

Answer 1

Answer:

Vietnam - consists of primarily low=wage and low-skilled jobs

Singapore - has become a leading financial center

Malaysia - the world's leading producers of semiconductors

Explanation:

Southeast Asia is a very interesting region from every perspective, including the economy. Some nations are still oriented mostly toward agriculture, some depend on oil sales, some are financial centers. All in all, all of the nations in the region have seen significant development in the past couple of decades. Vietnam is still a country where the wages are low, and the majority of the labor force is low skilled, but the country still manages to have quick economic growth, mostly because of the foreign investments. Malaysia's economy is mostly consisted of two totally opposite economic sectors, one is the agriculture, and the other is the high-tech industry, both of which bring in a lot of income for the country. Singapore is a city-state. But despite its size, it has become an economic giant. The country is located in an excellent position, and its economy is mostly based around high-tech equipment, innovations, banking.