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Through a variety of methods they have ensured a strong economic future, not only for themselves, but for the world economy. They currently rival Europe in its trade with the United States (Stanford News Service, 2006). The question is how they got to this point and how other It appears Singapore and Hong Kong's success lay in three common factors. By creating a strong infrastructure, following an American economic philosophy, and utilizing economic freedom they have risen from the ashes to become a strong power in an economy based world (Stanford News Services, 2006). According to John M. Leger, hard work + low taxes + high savings + minimal government have equaled an economic boom (Stanford News Services, 2006)...
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