The Reason of Hong Kong an International Trading Region
Essay
The Reason of Hong Kong Being an International Trading Region “Business-friendly environment, rule of law, free trade and free flow of information, open and fair competition, well-established and comprehensive financial networks, superb transport and communications infrastructure, sophisticated support services, and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves, a fully convertible and stable currency, and a simple tax system with low tax rates.” Hong Kong has become an international trading region in the world, as several elements/reasons involved and mentioned, these lead Hong Kong step-by-step to be well-known trading region. For further discussion and thorough understanding the reasons of Hong Kong being well-known trading region in the world, the following paragraphs will provide detailed points concerning successful elements included to make Hong Kong being an international trading region. Hong Kong’s economic policy has long been well-known as its market-led. The Government does not establish the plan/policy for monitoring or controlling the market or the economy since the Government understands that investors and entrepreneurs are deemed to know thorough markets far better and more than officials. Private sector initiatives are a straight and accurate way to build Hong Kong’s prosperity than the bureaucrat’s blueprints. Thus, economic policy is the key to maintaining competitiveness for all people in Hong Kong. To provide business-friendly environment for all people who operate their business in Hong Kong, the Government adopts ‘Maximum support and minimum intervention’ attribute to maintain mentioned condition. It involves personal liberty, the rule of law, clean and efficient administration, and a level playing field for all businesses, and the land and a large deal of infrastructures such as airports and ports of Hong Kong.
The Reason of Hong Kong Being an International Trading Region “Business-friendly environment, rule of law, free trade and free flow of information, open and fair competition, well-established and comprehensive financial networks, superb transport and communications infrastructure, sophisticated support services, and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves, a fully convertible and stable currency, and a simple tax system with low tax rates.” Hong Kong has become an international trading region in the world, as several elements/reasons involved and mentioned, these lead Hong Kong step-by-step to be well-known trading region. For further discussion and thorough understanding the reasons of Hong Kong being well-known trading region in the world, the following paragraphs will provide detailed points concerning successful elements included to make Hong Kong being an international trading region. Hong Kong’s economic policy has long been well-known as its market-led. The Government does not establish the plan/policy for monitoring or controlling the market or the economy since the Government understands that investors and entrepreneurs are deemed to know thorough markets far better and more than officials. Private sector initiatives are a straight and accurate way to build Hong Kong’s prosperity than the bureaucrat’s blueprints. Thus, economic policy is the key to maintaining competitiveness for all people in Hong Kong. To provide business-friendly environment for all people who operate their business in Hong Kong, the Government adopts ‘Maximum support and minimum intervention’ attribute to maintain mentioned condition. It involves personal liberty, the rule of law, clean and efficient administration, and a level playing field for all businesses, and the land and a large deal of infrastructures such as airports and ports of Hong Kong.