Verified Document

World Bank Over The Last Several Years, Essay

World Bank Over the last several years, the World Bank has played an important part in helping to ensure continuous economic growth throughout East Asia. As, the have worked with a number of different countries to improve their standards of living and in addressing a variety of lingering issues that have been impacting these areas. In the case of Hong Kong and Singapore, they have begun to experience above average growth during the 1980's and the 1990's. As, both countries began to see their GDP rise by 5% or more on yearly basis. (Wen, 2010) This is significant, because it allowed a number of businesses to begin developing their own markets to address the underlying demands of customers. To fully understand what is taking place in both situations requires: examining the two methods that have been utilized, the techniques that should be embraced by businesses and the rationale for these choices. Once this occurs, it will offer the greatest insights as to how this approach is helping to encourage long-term economic growth in these regions.

Two Methods that are used to Encourage Economic Growth in Hong Kong and...

The use of free trade principals is when the World Bank pushed both areas to dramatically reduce their trade barriers and begin joining various trading blocs such as: the Association of Southeast Asian Nations (ASEAN). This gave them access to other partners in the region. At the same time, it encouraged many businesses to build facilities inside both areas.
While, encouraging tax friendly policies, is when the World Bank pushed both governments to reduce their underlying taxes on: capital gains, dividends, property and income. This helped to make locating the region more economically viable by: allowing companies to see how having major operations would help to increase their overall bottom line results. At the same time, many foreign direct investors realized that there were significant advantages that can be gained by: focusing more of their assets in these countries. Over…

Sources used in this document:
Bibliography

Corniuk, C. (2011). Economic Growth Strategies for Hong Kong and Singapore. Cameron Coriuk. Retreived from: http://cameroncorniuk.hubpages.com/hub/Economic-Growth-Strategies-for-Hong-Kong-Singapore

Crook, C. (2002). Third World Economic Development. Econlib. Retrieved from: http://www.econlib.org/library/Enc1/ThirdWorldEconomicDevelopment.html

Wen, C. (2010). A Study on Technological Progress. HKU. Retrieved from: http://www0.hku.hk/hkcsp/ccex/ehkcss01/a_pdf2.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Finance Over the Last Several Years, Dividend
Words: 4120 Length: 14 Document Type: Essay

Finance Over the last several years, dividend stocks have become an important tool that is helping investors to realize above average returns. According to Paul (2012), these areas have been accounting for 40% of profits on the Dow Jones Industrial Average since 1930. This is because they can provide a number of benefits in assisting investors to realize their long-term objectives with him saying, "Those areas that offer sustainable and growing

World Bank-Role in Avoiding Economic Crisis World
Words: 1913 Length: 6 Document Type: Essay

World Bank-Role in Avoiding Economic Crisis World Bank and Economic Crisis World Bank: How necessary is World Bank in avoiding an economic crisis? Increased capital flows and economic crisis Leveraging the liquidity of developed countries Global Financial Development Report 2013 (GFDR) World Bank: How necessary is World Bank in avoiding an economic crisis? As a result of Bretton Woods's conference, the World Bank (WB) was created in 1944. The most influential role in the establishment of WB

Strategic Perspectives Sberbank Over the Last Several
Words: 2914 Length: 8 Document Type: Case Study

Strategic Perspectives Sberbank Over the last several years, the banking industry in Russia underwent a major transformation. As the traditional institutions of the past, have been evolving into global financial centers. This is because they are reaching out to new demographics of customers, in an effort to participate in the rapid growth that is taking place throughout the former Soviet Union. In the case of Sberbank, they have been taking their

Philippines Real Estate Over the Last Several
Words: 4807 Length: 19 Document Type: Essay

Philippines Real Estate Over the last several years, the Philippine Islands has been going through a major transformation. Part of the reason for this, is because the country has become an area of focus for many firms that are looking to outsource jobs from other regions of the world. As, the nation known is known for: having an educated workforce and low labor costs. This has helped to increase the total

Chinese Currency Issues Over the Last Several
Words: 2177 Length: 6 Document Type: Essay

Chinese Currency Issues Over the last several years, the issue of China's currency revaluation has been increasingly brought to the forefront. The reason why, is because many of the developed nations (i.e. The United States and the European Union) are experiencing unusually large trade deficits, while China is seeing trade surpluses. This is important, because issues such as currency disputes can have ripple effects on the world economy. Where, the

Assemble Historical Data Over the Last Several
Words: 1422 Length: 5 Document Type: Essay

Assemble Historical Data Over the last several years, the role of the federal government in the housing market has been increasingly brought to the forefront. This is because of the implosion in prices and support that was provided by Washington to address these issues. However, since the 1930s the U.S. government has been directly providing support to the housing market (through the FHA). This was in response to the impact of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now