Comparison of the Development of High-Tech Industry in Hong Kong and Singapore
GPAD 2135 Political Economy of East Asia
Final Paper
Comparison on the development of high-tech industry in Hong Kong and Singapore
Hong Kong and Singapore are two metropolises that sharing uncountable similarities on many aspects. Both are small and densely populous city-stated located in East Asia, having similar development path and history, lacking natural resources, being praised as one of the Asian Tigers and the freest economies in the world, sharing similar advantages on several fields. Because of the combination of broad similarity, Hong Kong and Singapore are often compared with each other and are generally regarded as a pair of rival.
The modern history of Singapore started with the establishment of the British port on the island by Stamford Raffles in 1819. It rapidly became an important port in Southeast Asia benefited from its strategic location in the southern tip of Malaysia peninsula, the middle point of India-China route and the central of Southeast Asian Islands. The British Colony era ended in Singapore’s short merger with Malaysia which soon ended in the separation from Malaysia two years later due to the disagreement between Singapore’s ruling People’s Action Party (PAP) and Malaysia’s Alliance Party. Singapore became an independent republic on 9 August 1965. The road beyond independence was full of difficulties and obstacles, including the dangers of being attacked by the surrounding countries, shortage of natural resources and land. Singapore government started the long-term planning of economic development focusing on modernization and industrialization and soon become one of the Asian Tigers economies and one of the most developed nations on the world. (Fund 2006)
Hong Kong was colonized by the British Empire in 19th century as a result of the British victories in the Anglo-Chinese Wars. Under British’s colonization, Hong Kong was transformed from a little undeveloped village to a major entrepot for global trade, especially
Final Paper
Comparison on the development of high-tech industry in Hong Kong and Singapore
Hong Kong and Singapore are two metropolises that sharing uncountable similarities on many aspects. Both are small and densely populous city-stated located in East Asia, having similar development path and history, lacking natural resources, being praised as one of the Asian Tigers and the freest economies in the world, sharing similar advantages on several fields. Because of the combination of broad similarity, Hong Kong and Singapore are often compared with each other and are generally regarded as a pair of rival.
The modern history of Singapore started with the establishment of the British port on the island by Stamford Raffles in 1819. It rapidly became an important port in Southeast Asia benefited from its strategic location in the southern tip of Malaysia peninsula, the middle point of India-China route and the central of Southeast Asian Islands. The British Colony era ended in Singapore’s short merger with Malaysia which soon ended in the separation from Malaysia two years later due to the disagreement between Singapore’s ruling People’s Action Party (PAP) and Malaysia’s Alliance Party. Singapore became an independent republic on 9 August 1965. The road beyond independence was full of difficulties and obstacles, including the dangers of being attacked by the surrounding countries, shortage of natural resources and land. Singapore government started the long-term planning of economic development focusing on modernization and industrialization and soon become one of the Asian Tigers economies and one of the most developed nations on the world. (Fund 2006)
Hong Kong was colonized by the British Empire in 19th century as a result of the British victories in the Anglo-Chinese Wars. Under British’s colonization, Hong Kong was transformed from a little undeveloped village to a major entrepot for global trade, especially