Another Tale of Two Cities: A Note on Institutions in Hong Kong and Singapore
This note focuses on one of the factors common to Singapore's and Hong Kong's successful development: They both have an exceptionally good institutional framework for doing business. Data from a world-wide private enterprise survey are presented showing that local businessmen almost uniformly awarded both Singapore and Hong Kong top marks in important institutional dimensions such as: the predictability of rule making, political stability, property rights security, judicial enforcement, and freeedom from corruption in the bureaucracy.
Volume (Year): 156 (2000)
Issue (Month): 2 (June)
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