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A QUICK COMPARISON. THREE ISLAND STATES, THREE REGIONAL HUBS TAIWAN: YANGTZE RIVER VALLEY HONG KONG: PEARL RIVER DELTA SINGAPORE: ASEAN ALL THREE “MIRACLES” BUT THREE DIFFERENT SYSTEMS. ASEAN Association Of Southeast Asian Nations. SINGAPORE. “ SINGAPORE INC”
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THREE ISLAND STATES, THREE REGIONAL HUBS • TAIWAN: YANGTZE RIVER VALLEY • HONG KONG: PEARL RIVER DELTA • SINGAPORE: ASEAN ALL THREE “MIRACLES” BUT THREE DIFFERENT SYSTEMS
ASEAN Association Of Southeast Asian Nations
SINGAPORE “SINGAPORE INC” BBC Country Profile Singapore http://www.bbc.co.uk/news/world-asia-15961759
WORLD FACT BOOK: SINGAPORE https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html EASE OF DOING BUSINESS: SINGAPORE http://www.doingbusiness.org/data/exploreeconomies/singapore
SINGAPORE ISSUES LEE KWAN YEW, THE PAP AND “CONFUCIAN DEMOCRACY” ACTIVIST STATE SOVEREIGN WEALTH FUNDS MERITOCRACY “ASIAN VALUES” FDI ASEAN REGIONAL HUB
GOVERNMENT OF SINGAPORE INVESTMENT CORP…..250 BILLION INCLUDES…. GIC Real Estate Pte Ltd (GIC RE)GIC Real Estate Group is among one of the top 10 global real estate investment firms in the world. With over 200 investments across more than 30 countries, investing a multi-billion US$ portfolio. Direct property investments include: offices, retail stores, residential, hotels, senior and student housing, and sports and medical facilities. Indirect property investments include: funds, public and private corporate entities, real estate investment trusts (REITs), and real estate debt.Notable investments include: Seoul Finance Centre, Seoul, South KoreaAzia Centre, Shanghai, China Shiodome City Centre, Tokyo, Japan Queen Victoria Building, Sydney, Australia Uptown Munich Tower, Munich, Germany Westin Paris, Paris, FranceBluewater Shopping Centre, Kent, UK 30 Gresham Street, Londo
SINGAPORE’S POLITICAL CULTURE Singapore has been ruled by a single political party, People’s Action Party (PAP) The underlying philosophy is ‘to maximize political cooperation and minimize contention’ Confucian democracy is key to the government’s policy AND YOU WON’T FORGET IT!
HONG KONG Capital of the Overseas Chinese BBC Profile http://www.bbc.co.uk/news/world-asia-pacific-16517764 “Borrowed place, borrowed time”
Hong Kong: Pearl River Delta Hub Guangzhou Shenzhen Hong Kong
South China According to Michael Enright the PRD has 3.4% of China’s population produces 10% of China’s GDP and 24% of China’s trade has attracted 20% of China’s FDI
Source: Weidenbaum, “Chinese family business enterprise”, Calif. Mgt. Review, Sum. 96
HONG KONG ISSUES “BORROWED PLACE”: 1842/1997/2046 IS IT REALLY “ADAM SMITH’S WORKSHOP”? PROPERTY HK$/US$/RMB FREE MARKET, RULE OF LAW INCOME DISTRIBUTION RELATIONS WITH CHINA WHERE THE FAST BUCK REACHES TERMINAL VELOCITY?
MEDIA ON HONG KONG, SINGAPORE ISSUES BBC on Hong Kong Working Lives http://www.youtube.com/watch?v=dfGzx5zY6C0&list=PL6648ACC1F7A848E2 “World’s Richest City” https://www.youtube.com/watch?v=GyUEwEzbq98 “Singapore's mid-life crisis as citizens find their voice” BBC 20 Oct 2013 http://www.bbc.co.uk/news/world-asia-24540080