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Total exports of services and goods grew mildly by 1.4 percent. Domestic demand is projected to recover moderately while export prospects are expected to be positive (Bedford, 2014).
The economic environment of Hong Kong is quite different from that of mainland China. Therefore, the direction of the relationship between Hong Kong and China is expected to alter the political and economic situation of Hong Kong. This paper analyzes Hong Kongs current situation. It then predicts and analyzes the possible outcomes, and forecast the future of Hong Kong and the resulting impacts on the world.
Following the First Opium War, which happened between the years 1839 to 1842, British Empire made Hong Kong a colony. The Island of Hong Kong was ceded first followed in 1860 by Kowloon Peninsula. The British Empire leased the New Territories to Japan in 1898. The Japanese occupied the region until the end of 1945 when British restarted control until 1997 (Blake, 2011). The amalgamation of Chinese and British cultures marks the current culture of Hong Kong. For instance, the educational structure followed the British form until 2009 (Leece, et al. 2011). Due to the elongated, existence of British in Hong Kong, and the island had unique characteristics that have made Hong Kongers dislike mainland. Prior to the takeover, many people fled to Western countries.
The People’s Republic of China received control of Hong Kong from Britain following their agreement of 1984 (Gerdes, 2006). Hong Kong became the first Special Administrative Region. A strong sense of the need for righting a historical injustice and the economic prospects led China to push hard for acquisition of Hong Kong in the 1980s and 1990s (Menpes and Henry, 2014). At the time, Hong Kong had everything, China required. It had international connections, wealth, and membership to global trade organizations. Beijing realized that those assets could assist
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Current Company Situation X 3.1 Past Performance Analysis X 4. External Analysis X 4.1 General Environment X 4.1.1 Political X 4.1.2 Economical X 4.1.3 Social X 4.1.4 Technological X 4.2 Industry Analysis X 4.2.1 New Entrants X 4.2.2 Substitute Products X 4.2.3 Bargaining Power of Suppliers X 4.2.4 Bargaining Power of Customers X 4.2.5 Competition X 5.
Even though both issues appear prima facie cases of mainly regional concern, they have enormous potential for creation of problems worldwide and significant deterioration of the international relations’ system. This paper is intended to examine both issues in order to present an insight into the reasons for their origin, possible developments and interrelations between them.
The country is a leading technological and political power in Europe. The country founded the European Union, and it has a membership in the U.N, G8, G20, N.A.T.O and O.E.C.D. The country has the world’s 4th largest economy by Gross Domestic Products, and the 5th largest by purchasing power equivalence.
The US has been using drones way back since 1995, during the US lead intervention in Bosnia, though at that time the usage of drones was primarily confined to reconnaissance purposes (Matthews 1). Actually speaking it is the usage of drones for combat purposes that have accrued the ire of people and opinion makers both within and without the US.
Hong Kong enjoys a unique status as a Special Administrative Region because it retains for the next fifty years (until 2047) what is acknowledged as the world's most liberal capitalist economy while being a part of the largest and most progressive Communist (although with a socialist economic system) nation on earth.
“A political belief in which primary emphasis is placed on securing the freedom of the individual by limiting the power of the state. In its economic form, it advocates a respect for private property and free markets.”
According to the theory of
The GDP growth rate of the U.S in 2009 and 2010 were -2.63% and 2.8% (CountryWatch, 2012). The most recent data shows more positive signs in terms of gross domestic product. During the 3rd and 4th trimesters of 2011 the GDP growth rates of the United States were
Straits of Johor create a boundary to the north from the Peninsular Malaysia, and from Indonesia’s Riau Islands by Singapore Strait to the South (Teo, Peggy, Chang & Ho 56). Singapore is ranked highly in terms
The author of the paper states that on the immediate situation, the movement has affected the economy. In the sector, hotels, restaurants, and retail are the most affected. In 2013, 41 million visitors from mainland China went to Hong Kong. This year, the number of visitors from the mainland has gone down.
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