After Recovering from the Destruction of Its Economy During World

question 55

Multiple Choice

After recovering from the destruction of its economy during World War II,________ became an economic superpower as a direct result of export strategies.

• A)Hong Kong
• B)China
• C)Italy
• D)Japan
• E)Germany

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Definitions:

Multinational Corporations

Large companies operating in several countries around the world, often with a centralized head office but decentralized operations and production.

Research and Development

The part of a business activity that is concerned with acquiring new knowledge and using it to develop new products, processes, or services or to improve existing ones.

Technological Application

The use or implementation of technology for practical purposes, especially in industry or commerce.

Research and Development Spending

Financial investments in the innovation, improvement, and development of new products, services, or technologies.