Unit 5 Individual Project Page 1

Shuntina Heard
September 28, 2014
Macroeconomics 224-1404A-02

Unit 5 Individual Project Page 2

Hong Kong and Singapore are both tremendously small, but extremely open to international trade. Both countries are also very advanced. Both countries are very parallel in many ways. Both countries at one point served as major trading ports. Hong Kong’s economy is usually the same. At one point they suffered an international economic crisis. A few years after the crisis the economic grate rate rose to 6.8 percent. Hong Kong is considered to be the Gateway for China when it comes to trading.
World Bank mission is to help progress and grasp goals of its people by working with its associates to improve poverty. Some of the methods the use to help economic growth is knowledge and learning, post conflict and fragile states, global public goods, and focusing on the poorest country. Both Singapore and Hong Kong must have a market economy because they are industrialized. Knowledge and learning would be a good methods for Hong Kong. Learning what to do and what not to do when it comes to trading. Trying to stay ahead of other countries with similarities and who are considered trading ports. Singapore has a promising economic location and accomplished workforce. Singapore most fast emerging sectors of its economy is communication transport, trade and exports.

Unit 5 Individual Project Page 3

References

IMF. (2010). World Economic Outlook. International Monetary Fund.
Hong Kong Data and Country Report. (2011)