Using the Internet, library and/or other resources, research and briefly explain 2–3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical...

Singapore and Hong Kong are two economies that appear to be very similar
superficially. Both the economies are small and densely populated single city-states
infested primarily with immigrant Chinese population. Both the economies diversified
away from a primary agriculture based economy, initially into labor-intensive
manufacturing during the early 1950s and 1960s, and subsequently and quickly into
services, including finance, transport and communications, and tourism during 1970s.
Both the economies relied heavily on free trade for bringing about growth (export-led
growth) and are among the very few countries in the world with total foreign trade
exceeding their respective GDPs. Today both are the two freest economies of the world,
according to the Index of Economic Freedom, with a score of over 80 out of 100.
Nevertheless, on a closer look, differences do appear. Hong Kong firms are fiercer
promoter of free trade, and have enticed their government into joining the ASEAN
(Association of South East Asian Nations). The model of growth...