comparison between Hong Kong economy and Taiwanese economy
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"The four dragons of Asia" refers to the developing precursor of the Asian economy, and it consists of Hong Kong, South Korea, Singapore, and Taiwan. However, Hong Kong and Taiwan are considered to be the two leaders of "The four dragons of Asia" because of their contributions to the development of the Asian economy. Both Hong Kong and Taiwan are known for their phenomenal economic growth from the early 1960s to 1990s. Many economists had interest in the mysterious leaps of Hong Kong and Taiwan's economies and researched the phenomena. Although the Hong Kong economy and the Taiwanese economy have similar historical backgrounds and basic systems, both of them have different economic policies and trade relationships with Mainland China because Hong Kong and Taiwan have diverse political views of the central government of China.
Both Hong Kong and Taiwan experienced a similar historical period. At the end of the first opium war, the emperor Tao Kuang (one of the emperors in Chinese history) grudgingly allowed for the signing of the "Treaty of Nanjing"(Nanjing is a Chinese city) with Great Britain that led Hong Kong to begin the lengthy history of the British colony on September 16th, 1842. Ceding Hong Kong Island to the British made Hong Kong turn into a financial and international free trade center under the British colony, and completely changed the economic system into uncontrolled capitalistic economic system. Also, Hong Kong became the second largest cargo seaport in the world and the gateway leading to China. Likewise, Taiwan was also colonized by another foreign country...