Compare and Contrast Hong Kong to Singapore
Hong Kong and Singapore are both widely known as ‘East Asian Tigers’. Although they have been competing for several decades, there are still many similarities as well as differences between them. Therefore, people always like to compare and contrast these two financial centres. So, who is getting ahead? This essay will first explore the political differences of the two and contrast the quality of life between them, examining how different they actually are. Besides, it will also make a comparison between Hong Kong and Singapore by investigating the economic and cultural aspects.
One of the differences between Hong Kong and Singapore is the political environment. The former is more democratic than …show more content…
Hawksford (2016) once stated that “while Singapore and Hong Kong score more or less the same on most of the parameters, Singapore really edges out in the quality of life factor”. Hongkongers lead a very fast-pace of life. They walk fast, eat fast, speak fast and live fast. Most of the Hongkongers follow the golden rules like ‘time is money’ and ‘efficiency is the key to success’. Consequently, Hongkongers may suffer from huge pressure and feel exhausted frequently. But they also pay great attention to relaxation during their spare time. In addition, the housing issue cannot be ignored in Hong Kong, a city with land shortage. It is unaffordable for the grass-roots class to rent or buy flats with skyrocketing price. Under this circumstances, most of the people choose to rent sub-divided rooms. However, people who live in this kind of flats have to face the increasing average rent, which are increasingly eating their meagre incomes (South China Morning Post, 2015). In fact, although the public housing is another option, the time of waiting is too long. Lots of residents will be forced to move into smaller and smaller flats. The Soco community organiser Angela Lui Yi-shan said that “this is a very extreme and inappropriate …show more content…
“Both the regions have been luring foreign investors with their tax friendly policies, easy company incorporation procedures and excellent infrastructure” (Hawksford, 2016). Certainly, there is well-trained and skillful work-force offered by Hong Kong and Singapore. Both regional hubs, with a powerful financial sector and a strong economic structure seem to have more than enough qualities to be the most prominent market places for international financial trading (HK Vs Singapore As International Financial Centre. Retrieved from http://write-essay.info/9852-free-essay-9852.html ). Like Singapore, Hong Kong also faced expansion demand and the shortage of supply in office sectors. Besides that, John, B. (2008, July), indicated that “the tourism industry contributes greatly to the GDP in Hong Kong and Singapore”. With tourism increasing each year, hotel properties have become an attractive investment target. “Both governments have acted aggressively to improve their leisure facilities” (John, B.). With the stable legal environments and prosper economic development, Hong Kong and Singapore can make a bright future
Hong Kong and Singapore are both widely known as ‘East Asian Tigers’. Although they have been competing for several decades, there are still many similarities as well as differences between them. Therefore, people always like to compare and contrast these two financial centres. So, who is getting ahead? This essay will first explore the political differences of the two and contrast the quality of life between them, examining how different they actually are. Besides, it will also make a comparison between Hong Kong and Singapore by investigating the economic and cultural aspects.
One of the differences between Hong Kong and Singapore is the political environment. The former is more democratic than …show more content…
Hawksford (2016) once stated that “while Singapore and Hong Kong score more or less the same on most of the parameters, Singapore really edges out in the quality of life factor”. Hongkongers lead a very fast-pace of life. They walk fast, eat fast, speak fast and live fast. Most of the Hongkongers follow the golden rules like ‘time is money’ and ‘efficiency is the key to success’. Consequently, Hongkongers may suffer from huge pressure and feel exhausted frequently. But they also pay great attention to relaxation during their spare time. In addition, the housing issue cannot be ignored in Hong Kong, a city with land shortage. It is unaffordable for the grass-roots class to rent or buy flats with skyrocketing price. Under this circumstances, most of the people choose to rent sub-divided rooms. However, people who live in this kind of flats have to face the increasing average rent, which are increasingly eating their meagre incomes (South China Morning Post, 2015). In fact, although the public housing is another option, the time of waiting is too long. Lots of residents will be forced to move into smaller and smaller flats. The Soco community organiser Angela Lui Yi-shan said that “this is a very extreme and inappropriate …show more content…
“Both the regions have been luring foreign investors with their tax friendly policies, easy company incorporation procedures and excellent infrastructure” (Hawksford, 2016). Certainly, there is well-trained and skillful work-force offered by Hong Kong and Singapore. Both regional hubs, with a powerful financial sector and a strong economic structure seem to have more than enough qualities to be the most prominent market places for international financial trading (HK Vs Singapore As International Financial Centre. Retrieved from http://write-essay.info/9852-free-essay-9852.html ). Like Singapore, Hong Kong also faced expansion demand and the shortage of supply in office sectors. Besides that, John, B. (2008, July), indicated that “the tourism industry contributes greatly to the GDP in Hong Kong and Singapore”. With tourism increasing each year, hotel properties have become an attractive investment target. “Both governments have acted aggressively to improve their leisure facilities” (John, B.). With the stable legal environments and prosper economic development, Hong Kong and Singapore can make a bright future