a and is subject to Chinese sovereignty and British rule. The country is too small and its labor force too scarce to rely solely on economies of scale. Instead, it has used its unique ability to trade with China for its economic development by serving as a port of entry for Chinese imports from Taiwan and the rest of the world.
In addition, Hong Kong has had direct access to the financial knowledge and markets in the West due to its British rule. The British opened branches of the largest British commercial houses in Hong Kong and kept the government attuned to the interest of business. They also responded quickly to the needs o
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