Macroeconomics- methods of Economic growth for Singapore and Hong Kong Essay

Macroeconomics- methods of Economic growth for capital of capital of Singapore and Hong Kong - Essay ExampleThe termss of goods offered by the economy have determination in a free price system (McEachern, 2012). The nations should look for the products and run that people are interested and focus on building them. Today, swelled nations that control the worlds trade depend on trade economy since it is where they control and go in in both exports and exports. Singapore and Hong Kong are some of the new nations that have come of age and adopting the market economy to not only increase their competitiveness but also give it an economic advantage. Additionally, receipts laws are another way both Hong Kong and Singapore can use to encourage economic growth. If the economies do not give enough tax, they will not be able to supply the infrastructure and services they need to keep existing businesses or attract new ones.Investment in infrastructure and military man capital safe and m odern infrastructure guarantees investments in the country. Any country with a high morsel of investors leads to more exports from the country. Better investments, thus result in the growth of the economy of the nations (McEachern, 2012). The roads in Singapore and Hong Kong are of high quality thus offer quick and efficient transport system for the goods and services. Besides, change infrastructures attract investors and reduce the cost of production. Availability of cheap electricity and enhanced road network is prevalent to opening interior areas as they have potential when reach. Some of the newly industrialized nations managed to reach the re-create because of the developed infrastructure. Similarly, availability of human capital is vital is any economy because it determines the input required towards higher(prenominal) production. For instance, any nation that wants to attract investors must ensure that it provides personnel that assist in the daily running of the institu tions as well as firms that have been