The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help.
Using the Internet, library, or other resources, research and briefly explain 3 methods currently being used to encourage economic growth in Hong Kong and Singapore.
How have Hong Kong and Singapore incorporated private sector growth and international trade in their development strategies?
Which of these methods of encouraging growth would you suggest for a developing country?
Explain the rationale for your choice.
I have an introduction and I am going to revise it I just want the actual body paragraphs for this assignment .You can modify my introduction but please incorporate my work. the body of the paragraphs and conclusion in APA format. Please do not forget the abstract
This is the introduction that I have:
Economically, Hong Kong and Singapore has achieved similar economic success but through very different economic approaches. Hong Kong is one of the world?s leading international financial centers and has also had the highest degree of economic freedom in the world since the inception of the Index in 1995. Singapore has highly developed trade-oriented market economy that has been ranked the most open economy in the world. Economic growth is important to any nation and is something that every nation works to accomplish. Economic growth reduces poverty and unemployment. In addition, economic growth improves government budget deficits and also if managed correctly it can increase the quality of living standards. Hong Kong and Singapore uses a number of methods to encourage and promote economic growth and they have also incorporated private sector growth and international trade in their development strategies. I will discuss the strategies used to promote economic growth in Hong Kong and Singapore and how these strategies contribute to their development.
The post Topic: Hong Kong and Singapore: Economic Growth
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