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East Asia And Pacific Eap

However, in contrast to in Japan and South Korea, the bulk of Taiwan’s economy is dependent on tiny to medium-sized businesses. Hong Kong, on the other hand, skilled fast development in the financial sector due to liberal industry policies, with many financial institutions setting up their Asian headquarters in Hong Kong. Till today, Hong Kong has been ranked as the world’s freest economy for several years running, and it remains a single of the world’s best 5 leading economic centers. Japan in unique managed to create its economy due to a reformation in the 19th century. The reformation was comprehensive...