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The Economic Growth in Hong Kong and Singapore

The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help.

Using the internet and other resources, research the factors behind economic growth in Hong Kong and Singapore. Which of these methods of encouraging growth would you suggest to a newly industrialized economy?

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The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help. Using the internet and other resources, research the factors behind economic growth in Hong Kong and Singapore. Which of these methods of encouraging growth would you suggest to a newly industrialized economy?

Hong Kong and Singapore has shown tremendous economic growth. Some of the factors which can be considered as parameters of growth are:
- GDP growth and other Macroeconomic factors

As per wikipedia "The gross domestic product (GDP) is one of the measures of national income and input for a given country's economy. GDP is defined as the total cost of all finished goods and services produced within the country in a stipulated period of time (usually a 365-day year). It is sometimes regarded as the sum of profits added at every level of production (the intermediate stages) of all final goods and services produced within a country in a stipulated timeframe, and it is rarely given a monetary value.
http://en.wikipedia.org/wiki/Gross_domestic_product.
Thus GDP tells about the ...

Solution Summary

Economic growth in Honk Kong and Singapore is researched in terms of the following parameters: GDP growth, growth in social and physical infrastructure, literacy rate and government policy. 679 words with 3 references.

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