Macroeconomics 2

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 2–3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.
• Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore?
• Explain the rationale for your choice.