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Details: 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?
Note that discussing which kind of products the nation selected to produce or which kind of government the nation selected does not address the issue of growth: how did the nation grow? Selecting the "best" product concerns choosing where the nation should be producing on the PPC and does not concern how to shift the PPC to the right. Selecting the products to produce is an issue for full employment. I suggest that you notice that the concept of capital deepening is a relevant term to use in the analysis.