Briefly explain the economies of Singapore and Hong Kong Essay

Briefly explain the economies of Singapore and Hong Kong - Essay Example The political structure of Singapore changed in 1963 when it made collaboration with Malaya and Sabah Sarawak to form Malaysia. The association tore up when Malaysia expelled her for various ethnic and political reasons. One of the main ethno-politico reasons behind the eviction of Singapore was its Chinese majority under the Peoples Action Party (PAP). The PAP was led by Lee Kuan Yew which was opposite to the Malaysian’s. The end of first opium war brought Hong Kong under the rule of the British government during 1840/41. Later in 1898 – 99, the British government acquired Honk Kong on a 99-year lease in order to extend the territory of Hong Kong. A big change came in the administration of Hong Kong in 1997 when it got independence from the British rule and reverted back to China’s authority as Hong Kong Special Administrative Region (HKSAR). The 1967 pro-Communist riots threatened the administration of Hong Kong seriously after which the colonial government started modernizing the bureaucracy. This was done to strengthen the relation between government and society. The entrepot trade grew. Hong Kong became an entrepà ´t trading center that deals in the importation of manufactured goods from the west to Chinese market and in the exportation of Chinese products in the markets of the West. As the result of the unceasing political and economic instability during the colonial period, the majority of Chinese started migrating to Hong Kong. This change in the population composition of Hong Kong brought economic and political stability in the newly independent territory of Hong Kong.