woman
Support phones:
homeReloadContact Us
Home About Us Our Guarantees Beware Our Prices Discounts Order Now Blog FAQ Testimonials Sample essays Contact Us
main menu
Home
About Us
Our Guarantees
How it works
Beware
Our Prices
Discounts
Order Now
Blog
FAQ
Testimonials (1034)
Sample essays
Contact Us
discounts
you save
Type of assignment:
Urgency:
Writer level:
Cost per page:
Pages:
Total without discount:
sample essays
Analytical Essays
Application Essays
Architecture Essays
Argument Essays
Argumentative Essays
Art Essays
Business Essays
Case Studies Essays
Communication and Media Essays
Comparison Essays
Computer Technologies Essays
Controversial Essays
Critical Essays
Definition Essays
Economics Essays
Education Essays
Geography Essays
History Essays
Justice Essays
Law Essays
Life Essays
Literature Essays
Marketing Essays
Medicine Essays
Nursing Essays
Personal Essays
Philosophy Essays
Political science Essays
Politics Essays
Psychology Essays
Religion Essays
Sociology Essays
Technology Essays
Term Papers Essays
World Literature Essays

← Democracy and Resource Curse by Michael L. RossTobacco Industry →
Live Chat

Custom Encourage Economic Growth essay paper sample

Buy custom Encourage Economic Growth essay paper cheap

Singapore and Hong Kong have great similarities with respect to their economic systems. Lately, the two ports have been referred to as ‘‘East Asian Tigris” following a six percent increase per year in their entire economies. During last three decades there was observed that the two former British colonies have widen their industrial investments leading to a notable transformation from a fairly poor economy to an industrial status. A number of methods continue to be used to promote the growth in the two ports. The most dominant methods applied by the two ports are discussed below. The criteria of choice were on the basis of popularity.

Capital Deepening

Hong Kong and Singapore economies have seen recent changes in their economy with capital deepening taking a pivotal role. This method requires that the capital for every individual assumes an increasing trend. Increase in capital intensity is calculated in terms of available capital per labor hour. The method also promotes capital increase per worker and the overall output per individual worker is continuously increased. However, there are limitations to this method and as a result of depreciation, investments are necessary to sustain capital growth.

Economic Stimulus

This method requires the use of both monetary and policy interventions. Economic policies typically referred to as fiscal policies are often applied to sustain and initiate the development. Governments and other non-governmental organizations are responsible for the development of these policies. Projects funded by governments help in stimulating growth. A second view of stimulus is the monetary intervention. In such case, the interest rate on borrowed money is substantially lowered to encourage new investments.

Recommendation

It is worth mentioning that, the economic stimulus method would have far-reaching advantages in a newly industrialized economy. A criteria for choosing this method involved a critical analysis of the two methods with regard to sustainability. Economists argue that capital deepening is a necessary but not sufficient method for economic development and it is not viable for attaining sustainable economic growth. The economic stimulus method is self sustaining and was hence rated the best for a typical industry in Hong Kong and Singapore.

 

Buy custom Encourage Economic Growth essay paper cheap

Buy essayHesitating

Related essays

  1. Tobacco Industry
  2. Explaining the Importance of Studying Economics in the 21st Century
  3. Democracy and Resource Curse by Michael L. Ross
  4. Opportunity Cost
6.9K
-->
2.5K
Email
Password
 
order now
chat off
our advantages
300 Words per page
12 pt Times New Roman double-spaced
MBA and PhD Writers
Relevant and up-to-date sources
US Writers
100% Confidentiality Guarantee
24/7 Support
24/7 Live Chat
Direct Contact with Writer
Flexible Discount Program
ANY Difficulty Level!
current status
5 chat / phone operators online at the moment
967 writers active
19457 writers in the database
7 new writers passed exam this week
2004 pages written
626609 words written
8.5 out of 10 current average quality score
97% satisfied customers
current status
Blog categories
Academic Assistance
Analysis Essay
Art
College Essay
Student's Life
University Life
Writing an Essay
Writing Helper
current status
Latest posts
On-Campus Employment
Pay for Homework and Forget What Stress Is
How to Write a Compare and Contrast Essay
Essay Sample: Biblical References in Moby Dick
Writing Essay about Life
current status



  • Paypal
 

Get

15%

off your first

custom essay order.

Order now

PRICES
from $12.99/PAGE

X