Hong Kong, From A British Colony To The Republic Of China

Hong Kong : From a British Colony to a Massive EnterpriseIntroductionPossibly cardinal of the economically richest cities around the knowledge domain is Hong Kong . Up to this day , the metropolis remains as the highest capitalist economy which has a policy on low taxation and free pot without each intervention from the government . The city s free enterprise and enormous marketing possibilities resulted in Hong Kong world the hub of international finance and trade in , with a significant concentration of its corporate entities located in the Asia-Pacific regionIn addition , Hong Kong is wealthiest city among all the other cities belonging to the Peoples major(ip)ity rule of China in terms of gross domestic crossing (GDP ) per capita and gross metropolitan product . In fact , the city s GDP exceeds the four major economies in Western europium , namely Germany , France , the United Kingdom and Italy and also surpasses the GDP of JapanThe city is also ranks as the eleventh largest trading entity in the world with its value of importees and exports exceeding its own GDP Moreover , this grade , the City of London Corporation s Global Financial Centres index finger (GFCI , the body which evaluates the competitiveness of financial centers worldwide , ranked Hong Kong as the third-best financial center globally and the wealthiest and strongest in Asia Furthermore , the quick growing economy of the city earned it a wander among the Four Asian Tigers together with Taiwan , South Korea , and capital of Singapore which are the countries who have experienced significantly high industrial and economical growth rates after(prenominal) World contend II , from the 1960s to 1990sHowever , before the city became the power tin economy that it is today , Hong Kong first went through a memoir that was marked by centuries of turmoil and wars among countries fighting over the agree of the land .

Nevertheless , the significant events in the city s record enabled it to develop a diverse and rich economy that is globally recognizedPre-British periodThe earliest evidences of human settlement in Hong Kong can be traced to the Paleolithic Era . However , the city was first collective into mainland China , during the Qin Dynasty . Years later , due to Hong Kong s strategic post in the sea , the city was then transformed into a trading post and also a naval armed services base under Tong and Sang Dynasty Its years as a part of China began to end however , after the British East India Company of the United Kingdom found a trading post in the city of Guangzhou , which is very secure Hong Kong . In addition , during the 19th century , other expanding countries such as India , France , Great Britain , and even Americans realized that China , being an untapped country , could prove to be a major economic contributor in terms of marketing and trade (Welsh , 1997The United Kingdom s expeditionAccording to Tak-Wing Ngo s book , Hong Kong s History : nation and Society Under Colonial Rule , in 1840 , after the Qing Dynasty , which was Imperial China s last dynasty , refused to engage in the import of...If you want to get a full essay, order it on our website: Ordercustompaper.com

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