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.