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

ASEANAssociation Of Southeast Asian Nations

SINGAPORE

“SINGAPORE INC”BBC Country Profile Singaporehttp://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 Korea Azia Centre, Shanghai, China

Shiodome City Centre, Tokyo, Japan Queen Victoria Building, Sydney, Australia Uptown Munich Tower, Munich, Germany

Westin Paris, Paris, France Bluewater Shopping Centre, Kent, UK

30 Gresham Street, Londo

SINGAPORE’S EVOLUTION

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!

SINGAPORE’S POLITICAL CULTURE

HONG KONG

“Borrowed place, borrowed time”

Capital of the Overseas

Chinese

BBC Profilehttp://www.bbc.co.uk/news/world-asia-pacific-16517764

Hong Kong: Pearl River Delta Hub

Guangzhou Shenzhen Hong Kong

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

South China

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

“Singapore's mid-life crisis as citizens find their voice”BBC 20 Oct 2013 http://www.bbc.co.uk/news/world-asia-24540080

“World’s Richest City”https://www.youtube.com/watch?v=GyUEwEzbq98