- Hong Kong is one of the most important financial centers in the world
Hong Kong is located on the southern coast of the People’s Republic of China, part of which is one of the most important financial centers in the world, and the highest in accordance with the index of financial development.
(Published by the World Economic Forum and analyzes the factors of economic development), Hong Kong is consistently ranked first as a successful and advanced economic entity in the world and competitive to other economies globally. The Hong Kong dollar ranks 13th among the most traded currencies in the world.
Hong Kong’s economy relies on simple taxes and free trade with a level of competitiveness among companies and with the support of international trust in the independent judicial system. Where the rule of law applies to legal and contractual procedures. While Hong Kong suffers from income inequality among individuals, it has one of the highest per capita income in the world. It is also known for its natural deep harbor, which enables the arrival of international shipping vessels.
Hong Kong has a very high density of skyscrapers, with the world’s second largest number of tall buildings. The average population using advanced public transport is 90%, one of the highest in the world.
- Hong Kong is a distinct regional center
- Hong Kong has several features that make it an important regional hub.
- Hong Kong ranks fifth as the largest foreign exchange market in Asia and the fifth in the world.
- It ranks fourth as Asia’s largest stock market and fifth in the world.
- Is a major hub for leading communications in Asia and the Pacific.
- Ranking seventh in the world as the largest exporter of commercial goods.
- It ranks 14th in the world in exporting business services.
2. Singapore is a global trading center
Singapore is located in Southeast Asia, and despite the lack of natural resources and many remote areas, Singapore has occupied its place among Asian tiger nations through its economic progress.
Based on its foreign trade and labor force, Singapore is a global financial and trading center, characterized, among other things, by the refineries of the economically advanced countries:
Technological advances, where most of the technology is ready-made. Possess the best potential of land investment. Of the most economically competitive countries. Is one of the largest foreign exchange markets.
One of the largest oil refineries in the world, and a global trading center. Its main airport is the second busiest airport in the world. The Singapore passport is ranked sixth in the world and can be accessed in 167 countries without prior visa. Ranked 11th in the world and the first Asian
Singapore ranks 11th in the world and the first Asian, according to the United Nations Index of Human Development, and ranks high in education and health care. Life expectancy, personal safety, and housing. Despite the unequal income, 90% of the houses are owned by their owners, and nearly 38% of the 5.6 million people are permanent residents.
In 2016, Singapore was the first Asian country to rank 10th in the English Proficiency Index (EF), a measure that evaluates the skills of the English language workforce.
- Taiwan, the economic miracle
Taiwan is known as the Republic of China and enjoys a stable industrial economy as a result of rapid economic growth and industrialization. As a result of rapid economic growth and the sudden rise of Taiwan, it achieved the so-called Taiwan miracle or Taiwan economic miracle. Which coincided with the economic advancement of the other Asian tigers, and ranked among them, as a country ranked ninth in the world in terms of income and economic progress.
Taiwan has replaced its traditional industries with advanced technological industries and has become a member of the WTO. Has made rapid progress in many areas. Both in education and in Taiwan, where 96 per cent of the population was educated in 2003, in terms of health care, economic freedom, freedom of the press and human development.
- South Korea, the first in information and communication technology
South Korea is a country in East Asia, the most developed in Asia according to the Human Development Index. Ranked 13th as an economic power and 11th as a purchasing power.
In addition to being a member of the Group of 20 countries, it has the eighth highest average household income in the world.