Economic Growth Essay Example | Topics and Well Written Essays - 2000 words

Economic Growth - Essay ExampleThe economical growth of capital of Singapore is not that dependable and sustaining. This is because, Singapores population is growing at a slow rate that the current economic plan clearnot sustain. The available productive population is not enough to produce goods and services that can bread and butter the large old and unproductive population. More to that is Singapore had is limited in terms of land accessibility and has limited supply of water. This makes it hard to sustain its economy as a lot revenue get is spend in purchasing this resources rather than developing the economy of that nation (Abeysinghe & Choy, 7). However, it has to be concluded that, though Singapores economic growth has not accomplish a level in which it can be referred to us strong and sustaining, its economy has grown tremendously since 2013. The Economic Development Board of Singapore is committed to achieve better and better investment strategies every year while stri ving to bugger off jobs for citizens of Singapore.In order for Singapore to grow economically, it should focus on ensuring that it records a high level of gross domestic product and GNI. This is because these are the indicators of performance of a nation. Therefore, in order for Singapore to increase its GDP per capita. This is well attained by ensuring that Singaporeans are advised to consume the locally produced commodities. Consumption of foreign commodities should be limited since obtain involving such commodities lead to loss of local income. Moreover, Singaporeans should be encouraged to make investments. Investments are a personal manner of ensuring that the local currency circulates appropriately within the economy and therefore reduces the imbalance between the poor and the abstruse (Koh, 2).In addition to that, government of Singapore is advised to increases its expenditure in generating job opportunities and establishment of well-disposed amenities like hospitals, sc hools, road networks, that will