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Hong Kong And Singapore Essay

1123 words - 5 pages

Sheila Sharp
ECON 224-1405B-05
Unit 5 Individual Project
Prof. Hector Morales
Feb. 6, 2015

NIC’S Hong Kong and Singapore

Hong Kong and Singapore economies went through rapid growth during the latter half of the 20th century, expressly in the industrial sector.
Hong Kong has very little if any mineral resources and cannot be competitive and this area. Timber for commercial production is not probable and hydroelectric potential is practically nil. Water is in short supply; however Hong Kong has become a giant in the world of trade and tourism.
Their leading export items are textiles and clothing. Manufacturing items ...view middle of the document...

Imports are mainly crude petroleum, machinery and transport equipment. Major exports are refined Petroleum Products and machinery.
The U.S., Japan and Malaysia are principal trading partners with Singapore.

Oxfam Hong Kong Resource Partner
Oxfam is an international confederation of 14 organizations working together in 98 countries and with partners and Allies around the world to find lasting solutions to poverty and injustice. Oxfam works directly with communities and seeks to influence the powerful to ensure that poor people can improve their lives and livelihoods and have a say in decisions that affect them. (The World Bank 2012).

Hong Kong and Singapore seem to have joined the world of business in a positive way, in that to be competitive with the rest of the industrial world. However like in most situations the wealth of a country is built on the backs of the poor whom are soon forgotten for their work contributions. In the case of the poor in Hong Kong and Singapore more attention must be placed on the living conditions of the poor.
The US has had such a situation in the latter part of the 20th century within the States of Alabama and Mississippi. In the poorer neighborhoods, African Americans were living in substandard one room shanty type structures.
When these areas were addressed with the proper solutions, the areas were demolished and brought into the proper standards of living for those that lived in the areas. This brought a sense of pride to the communities and therefore gave the people the definitive right to farther their education and raise their standards of living.
A great percentage of people that live in Hong Kong and Singapore are in such a situation. Where the wealthy are living in a positive standard of living conditions, while being surrounded by poor in substandard living conditions.
This problem needs to be addressed as soon as possible. Funds can be allocated to start the transformation that can be accomplished within 5 years with a comprehensive plan.
The governments and private sectors must come together to start this positive transformation that will only stand to improve the countries has a whole. Healthcare is not the only way to help the poor. Healthcare alone without preventative measures will continue the vicious cycle of sickness and disease. Improving the standard of living includes clean water and safe housing. This will improve the total health of the countries involved. This will also give these people the definitive right to...

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