Singapore and Hong Kong
Macroeconomic (ECON 224-150A-03)
March 15, 2015
The mission of the World Bank is to help developing countries and their countries and their people reach the goods by working with our partners to alleviate property. “By focusing on six strategies theme used by the World to support their mission” the Bank delivers technical, financial aid others assistance to those most in need and where it can have the greatest impact and promote growth. These theme are focusing effort on the poorest countries, post-conflict and fragile states middle-income countries global public, global public goods, the Arab world , and knowledge and learning.(World Bank, 2011).the key to successful economic development high savings rate, and in human capital.
Hong Kong and Singapore were considerate newly industrialize countries (NIC ‘S) during the 1970’s and 80’s. Since it is not possible to become an industrialized nation without a market economy, that strategy needs to be the first priority in a NIC. To have a market there must be “a division of labor in which the price of goods and services are determine in a free price system set by supply and demand.
The method applied were to bring industrial stability by dismantle the communist party and fostering discipline in employer-employee relation to attract mulita-nation companies with exist technologies that were looking for new opportunities to explain globally , and to maximize the potential of its people so they can contribute the most of the country(“How Singapore came” , 2010)
By dismantling the communist party that fostering discipline in employer-employee relation these countries began to recognize property of the individual ,, without the consumer having the power to own property , the will be no free market systems. By implement the second and third strategies, Hong Kong and Singapore were able to attract the necessary capital.
The current study attempts to investigation the proposition that Hong Kong residual markets only driven by a rationale speculative bubble, in addition to fundamental. This fundamental are chosen according to the present value models, but will account or latent private information. Potential roles are also explored. The study is highly significant. However, in contrast to Seoul and the fundamental housing market neither the fundamental, nor the rationale bubbles can explain much of the growth in the market concern.
Global business exist to insure that the countries of the world enjoy the maximum trading of the world enjoy the maximum trading benefits possible. Some countries have either an absolute or comparative advantage in