ADMICRO

Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the correct word or phrase that best fits each of the numbered blanks from 28 to 32.

Singapore was one of the five original member countries that (28) _____ ASEAN in 1967. (29) _________ its independence in 1965, Singapore has become one of the world’s most prosperous countries. Singapore is highly ranked for its economic competitiveness, and it was the world’s most (30) ________ country from 1997 to 1999 as ranked by the World Economic Forum.        

Singapore has (31)______ an impressive recovery after the Asian financial crisis of 1997-1998 . The government is currently restructuring the economy by promoting higher-value-added activities in line with a knowledge-based” economy, and by opening up protected sectors such as financial services to increase overall efficiency. Various bilateral free-trade agreements are also being negotiated to improve market access and (32) _______ foreign investment inflows

(28) ___________

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