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.