The World Bank is currently advising newly industrialized countries on how to encourage growth and they have a

Question

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

Answer 1

Both.

HK is famously a free capitalist economy where market forces rule OK. Open to exports, imports, ideas, capital. Low taxes.

Singapore scored hugely by getting everyone educated and able to work in English.

Both countries are full of emigrant Chinese who have to a significant extent selected themselves for entrepreneurial skill or at any rate a "can do" attitude and are outward-looking with few cultural barriers to ideas.

Answer 2

I bet you this isn't what the World Bank was expecting you to do when they asked you for your advice. I bet it wasn't even your professors expectations when he gave you this question. I answer alot of economics questions, but I am not in the habit of just writing other people's essays for no good reason. If you have a legitimate question and want to know how something works economically, ask it. Or at least put in enough effort to disguise your homework question as a legitimate question. Like, "What would you suggest the World Bank advise newly industrialized economies do to encourage growth?"

If I just write your essay, you will never pass the test. It would be best to try this one on your own, and find legitimate research sources. Yahoo Answers is not a scholarly journal or a book, and using it to write your papers, or have others write them for you, is highly ill-advised.