IP 5 - Macro - Term Paper Example

Download file to see previous pages The feasibility of any policy is essential, as it will determine the number of adjustments to be put in place to ensure maximum benefit. The World Bank applies policies based on sustainability. The advice given to new industrialized countries are based on economic growth and utilizing on the local potential.
In Singapore, the balance is found between the social and economic spaces. The government polices are aimed at maintaining the balance between growth and social priorities. The steady economic growth measured based on GDP indicate the positive local models and the World Bank aims at ensuring financial and consultative aid is provided the country boast of economic stability (Page, 1994). However the local population required a sustainable model that balance between economic growth and social require are met. Social demands in this case imply the educational system and the healthcare provision. The country has been advised to focus on the educational system. The current curriculum should focus on productivity and evaluated based on quality rather than accessibility. In this case investment opportunities are introduced in the learning institution. The model is aimed at securing the future of investments and ensures continuous growth across the nation. Through education the country is able to plan for the future having secured the employment demand. The current educational system focuses on innovation and independent investments (Page, 1994). The educational system ensures continuous supply of labor while at the same time creating room for entrepreneurs.
In Hong Kong, the focus is on the social policy is utilized to create a balance between the market demand and supply of labor. The aim is to empower local population hence reducing the rate of employment. High wages are to be triggered by the supply of skilled labor to the market. This implies increasing the local population purchasing ...Download file to see next pagesRead More