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Solid scheme holds Hong Kong dollar firm

Article Abstract:

Hong Kong's vast foreign-exchange reserves that are guided by a systematic currency-board system and stabilizing mechanisms help in curbing currency crisis that affects several Asian countries. Hong Kong has the fifth largest foreign reserves in the world that amount to US$81 billion. Its foreign exchange reserves are guided by mechanisms, such as specie-flow mechanism and arbitrage and competition mechanism, which help stabilize Hong Kong's currency in times of speculative attacks or outflow of capital.

Administration of General Economic Programs, Foreign Exchange & Reserves Policy, Economic aspects, Foreign exchange, Hong Kong, Foreign exchange reserves

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Singapore's lesson for India

Article Abstract:

Singapore and India share similar cultural values, British-colonial past and multi-ethnic population. However, Singapore has achieved prosperity through its government's economic development policies. On the other hand, India continues to struggle with problems such as poverty, illiteracy and corruption because of its government's emphasis on nationalistic-oriented policies which involved banishing multinational firms such as Coca Cola which isolated the economy and changing the colonial names of cities.

International economic relations, Singapore, India, Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Management, Evaluation, Economic development

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